Libyan Audit Bureau warns state institutions of new measures if sweeping reforms are not carried out - News Summed Up

Libyan Audit Bureau warns state institutions of new measures if sweeping reforms are not carried out


The Libyan Audit Bureau (LAB), on Monday, criticized what it called the laxity of the Presidential Council, the Governor of the Central Bank of Libya and the Minister of Economy on taking serious measures to address the economic crisis in the country. The LAB said in a statement directed to those institutions that as a result of their minimal approach to the economic situation, there is a serious damage being done to the financial reserves of the country. The LAB added that this has had a knock on effect in matters relating to the reputation and stability of the country as well as the imbalance in the exchange rate. It warned that it would be forced to stop the disposition of the state's accounts and assets abroad, and subject them to an accompanying audit in accordance with the law if they do not become more responsible and make sweeping reforms.


Source: Libya Observer January 02, 2018 12:22 UTC


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