The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, has written to the Attorney General, Seddiq Al-Sour, expressing concerns about the transfer of more than 248 million dinars in previous debts accumulated abroad. These debts, along with new claims worth 87 million dinars, have not yet been addressed. This raises alarm about continuous financial strain on foreign treatment expenses and potential violations of the public debt law.
The Central Bank has previously dealt with similar situations in Turkey and Jordan, resulting in a 50% reduction of original claims after conducting audits and reviews. This has prompted suspicions of inflated expenses and flaws in spending mechanisms. Consequently, it is necessary to establish clear standards and mechanisms for determining the type of treatment and its beneficiaries abroad.
Furthermore, there has been mismanagement of deposits allocated for treatment, as they were redirected to embassies instead. This highlights concerns regarding transparency and calls for corrective measures.
It is essential for the Libyan state to address the accumulated debts and enhance the management of treatment expenses, ensuring compliance with regulations and maintaining financial stability.