More details emerged of the three MoU’s signed yesterday in Tripoli during the visit of Italian Prime Minister Giorgia Melloni and several of her government ministers, received by Tripoli based Libyan Prime Minister Abd Alhamid Aldabaiba. The Aldabaiba government is struggling to find enough cash to cover its existing commitments, let alone any new ones. For example, the Tripoli government is struggling to restart its agreement with IVECO for its state Truck and Bus Company (TBO) – which owes debts to Italy. The Tripoli government is also struggling to finance the Tripoli International Airport project which is slowing down its implementation. So, MoU’s are great political expressions – but they must be understood for what they are.

Source: Libya Today May 08, 2024 08:57 UTC