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Author: LS

Central Bank statement: “The expenditures of the Ministry of Education exceeded 104 million dinars during the first four months of 2022”

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The Central Bank of Libya’s latest statement regarding revenue and expenditure clarified the expenditures for all government agencies in all chapters, including the Ministry of Education starting from the Ministry of Education’s office who spent 19,056 million dinars, the Educational Inspection Department spent 64.796 million, the Department of Technology and Maintenance of Educational Facilities spent 15,492 million, the Center for Curricula and Educational Research spent 333.3 thousand dinars, the National Authority for the Gifted spent 1,755 million.

In addition to the Center for Outstanding Students – Benghazi spent 552.5 thousand dinars, the National Examination Center spent 500 thousand dinars, the General Center for Training and Education Development spent 2,120 million dinars, the National Committee for Education, Culture and Science approximately spent 341 thousand dinars, bringing the total to 104,945 million dinars.

Aqila Saleh invites Bashagha, Hammad, the Parliament’s Finance Committee, the Central Bank departments, the National Oil Corporation and the regulatory bodies to attend a meeting in Sirte next Tuesday

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The Speaker of the House of Representatives, Aquila Saleh, called on the Libyan Prime Minister, Fathi Bashagha, the Minister of Planning and of Finance in the government, Ussama Hammad, the Presidency of the House of Representatives, the Finance and Planning Committee of the Council, the two boards of directors of the Central Bank of Libya, the National Oil Corporation, the regulatory bodies represented by the Administrative Control Authority, the Audit Bureau and the Anti-Corruption” to attend the meeting to be held in Sirte next Tuesday.

According to observers, the call for this meeting comes to support the Libyan government headed by Bashagha elected by Parliament since last February, which is expected to start its work from the city of Sirte after its president failed to receive the government headquarters in the capital, Tripoli. It is also expected to discuss the state’s general budget for 2022 which were referred by the Libyan government to Parliament, and amounted to a total of 94.8 billion dinars.

Libyan government participation in the opening of the fifth session of the International Conference on Financing Investment and Trade in Africa

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The Chairman of the Board of Directors of the General Authority for Investment Promotion and Privatization Affairs Jamal Nouisri participated in the fifth session of the International Conference on Financing Investment and Trade in Africa yesterday, Wednesday, May 25, 2022 in the Republic of Tunisia.

The opening ceremony was attended by the Deputy Prime Minister of the Government of National Unity, the Director of the Private Sector Development and Investment Department at the Ministry of Economy and Trade, the Chairman of the Board of Directors of the Libyan International Company for Development and Investment, and the President of the General Federation of Chambers of Commerce, Industry and Agriculture.

During his speech, he stressed the importance of the role of the banking sector and the development of a radical solution to obtain guarantees to finance projects towards African markets, where discussions were held towards financing the recovery and development of African economies after Corona, and bilateral meetings were organized during the forum to develop areas of trade and investment.

After his meeting with Al-Kabeer, Sanalla, Shakshak and others, the American ambassador: “Everyone emphasized that oil revenues should be kept and spent in a way that benefits the Libyan people”

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The US Ambassador to Libya, Richard Norland, held a meeting today, Thursday, in the Tunisian capital, with a number of Libyan officials, including the Governor of the Central Bank of Libya, Seddik Al-Kabeer, the Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, the head of the Audit Bureau, Khaled Shakshak and the head of the Finance Committee in the House of Representatives, Omar Tantoush, and the Chairman of the Administrative Control Authority, Suleiman Al-Shanti.

According to the US Embassy in Libya, the meeting was devoted to developing more transparency and accountability in public spending through a Libyan-owned operation. All participants from the Libyan officials stressed that the Libyan revenues derived from the sale of crude oil and oil derivatives must be kept and managed by Libyans at all times, so that they are spent in a way that benefits all the Libyan people.

It added that the meeting also discussed the participation of Libyan institutions with the existing regulatory authorities in devising ways to monitor, settle and evaluate the state’s management of oil and gas revenues, which will grow significantly once full oil production is allowed to resume, noting that other meetings are expected to be held next June to formalize the progress in this important initiative.

Al-Kabeer meets with the American ambassador, Sanalla, Shakshak, Al-Shanti and Tantoush, in the Tunisian capital

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Today, Thursday, private sources revealed to our source that the Governor of the Central Bank of Libya, Seddik Al-Kabeer, held a meeting this morning with the American ambassador, Richard Norland in the Tunisian capital.

The source added that the meeting included the Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, the head of the Audit Bureau, Khaled Shakshak, the head of the Finance Committee of the House of Representatives, Omar Tantoush, and the head of the Administrative Control Authority, Suleiman Al-Shanti.

He pointed out that this meeting touched on several important financial issues, in addition to discussing the distribution and management of oil revenues.

Bashagha: “We blame ourselves for entering Tripoli, and I have no plans to rule from the capital. We will work from the headquarters of the Libyan government in the city of Sirte”

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The Prime Minister of the Libyan government, Fathi Bashagha, said that he does not have any immediate plans to rule from the capital, Tripoli, indicating that his government will operate from its headquarters in the city of Sirte.

Bashagha added, in statements to the American “Associated Press” that he entered Tripoli last week in a civilian car and that his escorts were unarmed, and continued: “We blame ourselves for entering the city, although I said that we will not enter the capital unless the conditions are 100 percent favorable.” 

Dbeibeh discusses with the Minister of Oil the mechanism for following up on the exceptional budget of the National Oil Corporation

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, discussed, during a meeting this afternoon, Thursday, with the Minister of Oil and Gas in the government, Mohamed Aoun, the mechanism for following up on the extraordinary budget of the National Oil Corporation, which is worth about 37 billion dinars.

According to the media office of the Prime Minister of the Government of National Unity, the meeting was also devoted to reviewing the participation of the Minister of Oil in a number of African and international forums, in addition to following up on the level of production in light of the continuous closures of a number of fields and the Ministry’s findings in particular.

The Bar Association announces the release of the lawyer Adnan Al-Urfi, after his arrest for days by the Internal Security Agency in Benghazi

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The Bar Association announced the release of lawyer Adnan Al-Urfi today, Wednesday, after his arrest a few days ago by the Internal Security Agency in Benghazi.

It is noteworthy that Al-Urfi was famous for exposing corruption cases against the Deputy Governor of the Central Bank, Ali Al-Hibri. We had published previously documents stating that he was also involved in fraud and other cases.

The Minister of Planning discusses with Al-Shahubi a mechanism for implementing the completion of some strategic projects for the transportation sector

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Today, Wednesday, the designated Minister of Planning, Mohamed Al-Zaydani, met with the Minister of Transportation, Mohamed Al-Shahubi.

The meeting discussed the mechanism for implementing the completion of some strategic projects for the transportation sector, for which previous financial mandates were issued. It was also agreed to support these projects due to their importance and to increase the speed of their completion and completion according to the time schedule specified for them.

The Customs Authority holds a preliminary meeting to prepare the meeting for Djerba regarding the agreement on administrative cooperation with the Tunisian side

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The committee assigned by the Libyan side was held today, Tuesday, 24 May, at the headquarters of the General Administration for Combating Smuggling and Drugs, where the meeting included the Director of the General Administration of Technical Affairs and the director of the Office of Legal Affairs at the authority, the representative of the General Administration of Audit and Inspection, in charge of the Tunisian file in the Office of International Cooperation, and the coordinator of Libyan-Tunisian relations at the Ras Ajdir port.

This meeting took place in preparation for the meeting allegedly to be held for the next period with the Tunisian side in the city of Djerba, based on the minutes of the agreement of the Libyan-Tunisian Customs Technical Committee, which took place during May 9-10 of this month in the capital, Tripoli, regarding the formation of a joint committee to follow up the implementation of the administrative cooperation agreement between the Libyan Customs Authority. and Tunisian.