Libya’s rival parliaments have agreed to a “unified development programme,” marking a significant step toward coordinating the country’s finances after more than a decade of division. The deal, announced by the Central Bank of Libya, aims to establish clear channels for funding development projects, particularly from Libya’s oil revenues, which have long been a source of competition between the administrations. The agreement involves the House of Representatives, based in Benghazi in the east, and the High State Council in the west, linked to the internationally recognized Government of National Unity in Tripoli. While political divisions persist, this financial collaboration marks a crucial and hopeful step in healing the country’s fractured economic landscape and could pave the way for greater stability.
Reuters
