Hanna Tetteh, the UN envoy for Libya, lauded the Central Bank of Libya for its unified budget law while stressing the importance of its political neutrality. Discussions between Tetteh and CBL Governor Nagi Issa focused on financial stability and the bank’s achievements in addressing economic challenges. Tetteh emphasized the need for the CBL’s independence to support ongoing economic reforms.
Hanna Tetteh, the Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL), commended the Central Bank of Libya (CBL) for implementing the unified budget law. She emphasized the necessity of maintaining political neutrality within the CBL to safeguard its integrity.
During a meeting on Monday at the CBL headquarters in Tripoli, CBL Governor Nagi Issa and Tetteh engaged in discussions about the bank’s commitment to financial and economic stability amid various challenges.
The meeting concluded with Tetteh praising the CBL’s key role in facilitating the unified budget law, which is vital for Libya’s stability and future. She also acknowledged the bank’s recent successes, such as addressing the cash liquidity crisis and enhancing electronic payment systems, thereby easing citizens’ hardships.
Moreover, Tetteh reiterated the significance of keeping the CBL independent from political disputes and underscored the need to support its efforts toward meaningful economic reform.
In conclusion, Hanna Tetteh recognized the Central Bank of Libya’s critical contributions to the country’s financial stability through the unified budget law. Her emphasis on the bank’s political neutrality and independence highlights the importance of safeguarding economic institutions from political influence. Tetteh’s commendations reflect the necessity of continued reforms within the CBL to enhance the economic landscape for Libyans.
Original Source: libyaobserver.ly
