Ambassador and Special Envoy to Libya, Richard Norland, and Treasury Deputy Assistant Secretary, Eric Meyer, discussed with Central Bank of Libya (CBL) Governor Saddiq ElKabir on Tuesday joint efforts to enhance transparency at the CBL, especially in public spending. Ambassador Norland underlined that, “The U.S. shares Libyan concerns that funds can be diverted to support partisan political purposes or undermine Libya’s peace and security,” according to US Embassy in Libya. The Ambassador and DAS Meyer urged the CBL to safeguard Libya’s oil revenue from misappropriation to rebuild confidence in the institution and contribute to stability, the Embassy said in a statement. Norland also expressed concern about the shutdown of half of Libya’s oil production. He emphasized, “Especially during the holy month of Ramadan, the Libyan people deserve regular, timely payment of salaries and subsidies to cope with rising prices as a result of Russia’s unprovoked war on Ukraine, and they deserve reliable public services.”

Source: Libya Today April 20, 2022 16:15 UTC