The liquidity team of the Central Bank of Libya revealed exclusively that the tenth shipment of liquidity, worth 60 million dinars, arrived at Benina Airport in Benghazi, to be distributed to bank branches in the eastern region, bringing the total shipments sent since the beginning of the holy month of Ramadan to 800 million dinars.
The liquidity team is working to send the rest of the shipments before the middle of Ramadan, within the framework of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks in all regions of Libya and in the framework of coordination between the Central Bank of Libya, Tripoli and Benghazi.
The Prime Minister of the National Unity Government , Abdul Hamid Dbeibeh met today, Wednesday, with the designated Minister of Civil Service, the representatives and directors of departments in the ministry, and in the presence of the Minister of State for Cabinet Affairs.
The meeting discussed a number of files, including the issue of organizing the public office, financial releases, and staffing for workers in the state sectors.
At the conclusion of the meeting, Dbeibeh said that the difficult conditions that the country went through prevented the growth of the private sector and the provision of job opportunities, stressing that the abundance of appointments from all sectors without a real need must stop, and emphasizing the need to absorb the real employees and workers, through solutions that the Ministry sets, to organize redundant jobs and to set the necessary controls.
The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, met this morning, Wednesday, April 13, 2022, with the Ambassador of the Federal State of Germany to Libya.
They exchanged views on many issues of common concern, including a review of the developments in the unification process of the Central Bank, in addition to addressing the impact of the repercussions of the war in Ukraine and its repercussions on the increase in commodity prices in global markets.
The General Authority for Investment Promotion and Privatization Affairs concluded today a memorandum of understanding with the Financial Pole Authority in Casablanca in the Kingdom of Morocco, via Zoom technology, in the framework of strengthening cooperation in the fields of investment and trade, in the presence of the Chairman of the Directors Board of the General Authority for Investment Promotion and Privatization Affairs, the Director General, the Director of the Promotion and International Cooperation Department, the Head of the Cooperation Department, the Vice-Chairman of the Board of Directors, the General Manager and the Director of African Affairs at the Financial Pole.
The memorandum of understanding is based on exchanging information and data on investment opportunities in Africa and Europe, as the Financial Pole Authority includes more than 200 investment companies in various sectors.
The authority also aims through the memorandum of understanding to enhance its role in the investment sector in the region and to attract foreign companies to participate in the implementation of investment projects in the State of Libya within the investment map of the authority and to contribute to the diversification of the national economy and the localization of industries.
The liquidity team of the Central Bank of Libya revealed exclusively that the ninth shipment of liquidity arrived at Benina Airport in Benghazi, with a value of 60 million dinars, to be distributed to bank branches in the eastern region, bringing the total shipments sent since the beginning of the holy month of Ramadan to 740 million dinars.
This is within the framework of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks in all regions of Libya and in the framework of coordination between the Central Bank of Libya, Tripoli and Benghazi
The liquidity team is working on sending the rest of the shipments before the middle of Ramadan.
The Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, met with the representative of the United Nations Development Program in Libya, Marc Andre France, and in the presence of the Director of the Sustainable Development Department of the Corporation, Mukhtar Abdel-Daim.
The meeting discussed many issues, ways and opportunities for cooperation between the National Oil Corporation and the United Nations Development Program in Libya.
On the one hand, Mark explained that the United Nations Development Program aims to expand its activities in Libya, as it has opened branches in many regions and municipalities. The national component will also be the main element for implementing its targeted programs during the coming period, adding that the program is concerned with several economic issues. He made it clear in this regard that he believes that the Corporation and its foreign company partners will be the ideal partner to achieve these goals, in cooperation with the Sustainable Development Department of the National Oil Corporation.
On the other hand, Sanalla added that the National Oil Corporation appreciates what the United Nations Development Program is doing in Libya, and that the Corporation and its partners (Repsol, Total, OMV and Ekonor) had a distinguished partnership and great cooperation with the United Nations Development Program during the past years. Through this cooperation, many programs were implemented in the areas of operations of Akakus Oil Operations as well as interventions included the water and health sector, training, maintenance of educational facilities, youth support and other programs that covered the regions of the Western Mountains, Zawia, Ubari and its environs.
The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, met today, Tuesday, with the Chairman of the Management Committee of the Harouge Company for Oil Operations, Khalifa Amro.
The meeting dealt with a discussion of the projects it is currently implementing and which are to be implemented in the future, as well as the problems facing its work, and the difficulties that hinder it to achieve its goals, most notably the scarcity of financial budgets that it needs to run its business, and making some adjustments to the company’s organizational structure to suit the requirements of its work.
In conclusion, Sanalla presented a number of directives and observations that contribute to the completion of the company’s work, to ensure the achievement of the institution’s objectives related to the continuation of production operations and raising its rates in support of the national economy.
The Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, met today, Tuesday, with the Chairman of the Akakus Oil Operations Company’s Management Committee, Essam Al-Bashti.
The meeting was to discuss the company’s activity and business, the problems and obstacles that prevent it from accomplishing its work in the correct manner, as well as the challenges it faces in achieving some of its objectives, how to overcome them and the appropriate solutions for them.
For his part, Sanalla affirmed the Corporation’s unlimited support for Akakus Company in order to achieve all its objectives, accomplish its work in the right ways and implement its projects that the Corporation relies on to increase production and support the national economy.
Yesterday, the Minister of Social Affairs, Wafaa Abu Bakr Al-Kilani, received the Chairman of the Steering Committee of the Social Solidarity Fund, Mustafa Al-Juaibi.
The meeting reviewed the work progress of the Fund, especially with regard to the basic pension, finding appropriate mechanisms to expedite the disbursement of basic pensions in a timely manner, following up on the assistance programs provided by the Fund to families in need, the possibility of using modern technology to build a database that helps in disbursing aid to those who deserve it, and caring for people with disabilities, especially those with muscular dystrophy patients.
The conditions of the social welfare institutions affiliated to the Fund in various regions and how to improve their performance and improve the level of services provided to citizens were also discussed.
An official at the Central Bank of Libya confirmed to our source today, Tuesday, that the Central Bank has started implementing the salaries for the month of April for all sectors financed by the state’s public treasury, indicating that it needs three or four days to add them to the accounts of employees in commercial banks.
The Ministry of Finance of the Government of National Unity announced last Sunday the delivery of exchange permits for April salaries to all bodies funded by the public treasury to the Department of Banking Operations at the Central Bank of Libya to complete the exchange procedures followed.
