The Governor of the Central Bank of Libya (CBL), Al-Sadiq Omar Al-Kabir, convened the second emergency meeting of the CBL’s Supreme Committee for Crisis Management on Tuesday, in response to the devastating storm that has recently hit cities in the eastern region of Libya.
The meeting, attended by Deputy Governor Marai Al-Barasi and several officials and advisers from the CBL, focused on discussing the implications of the crisis and the role of the Central Bank and the banking sector in alleviating the suffering of citizens affected by the hurricane.
Al-Kabir issued a decree to form an emergency response team led by the Deputy Governor and comprising several department directors from the CBL and chairmen of bank boards, which will be tasked with continuous monitoring and financial management of the crisis.
The attendees reviewed a range of necessary measures to be taken in both the short and medium term to address the effects of this crisis which has caused significant damage to citizens’ lives, homes, and properties in the affected areas.
On a similar note, the Government of National Unity (GNU) allocated an amount of 2 billion dinars for the benefit of the Benghazi and Derna Reconstruction Fund. This allocation aims at reconstructing disaster-stricken municipalities and rehabilitating areas destroyed by floods and rains caused by Storm Daniel.
