During the 10th meeting of the Cabinet this year, the Minister of Finance in the National Unity Government, Khaled Al-Mabrouk, stated that the ministry has opened the file on loans, successfully retrieving over 120 million dollars. These funds are now available in the financial accounts after resolving outstanding debts between Libya and various countries worldwide. The ministry has actively engaged in communication with these countries to settle the debts.
Al-Mabrouk clarified that Poland has repaid a loan amounting to 766 thousand dollars. However, they faced difficulties with the repayment, and pressure was applied to renegotiate the terms. Poland requested a reduction in the interest rate from 3% to 2%, resulting in a savings of 8.4 million dollars if the Cabinet approves the annual interest rate adjustment of 2%. He affirmed that if the Cabinet agrees to the interest rate adjustment, the settlement will proceed accordingly.
Prime Minister, Dbeibeh, commented that the state has a law prohibiting interest, whether in taking or giving. If they manage to achieve the repayment of the debt without any interest, it is considered a gain, and they appreciate it. He mentioned, “We take their Haram (forbidden) more than their Halal (permissible). They bring only what they have, and that’s enough.”