UK’s Minister for the Middle East and North Africa, Hamish Falconer, has voiced growing concerns over the Libya Central Bank crisis, adding that the concerns include global financial institutions.
Falconer added on X on Sunday that recent actions in Libya were severely complicating Libya’s relations with international banks.
“We urge Libyan actors to work seriously with UNSMIL to rapidly agree a political process to ensure effective and transparent leadership at the Central Bank.” He added.
Similarly, the State Department of the United States (US) said in a statement on Saturday that after more than a week of confusion over the leadership of the Central Bank of Libya (CBL), Libyan actors should take steps to maintain the credibility of the CBL and find a solution that would not further damage its reputation and engagement with the international financial system.
The statement adds that uncertainty created by recent unilateral actions has led the US and international banks to reassess their relationships with the CBL and, in some cases, pause financial transactions until there is more clarity on the legitimate governance of the CBL.
Libya’s Ministry of Foreign Affairs under the Government of National Unity (GNU) welcomed the statement of the US Department of State regarding the Central Bank of Libya, considering it a positive step toward unifying and reforming the CBL.
