In a recent turn of events in Libya, the appointment of a new governor for the central bank has sparked disagreement between the African country’s rival governments. The UN Support Mission in Libya (UNSML) intervened by holding talks in Tripoli to resolve the standoff, aiming to restore confidence in the vital institution.
The North African nation has been divided between two competing administrations since a NATO-backed uprising in 2011. The Western faction, based in Tripoli, ousted the central bank governor, leading to protests and a shutdown of oil production by the Eastern administration based in Benghazi.
After lengthy discussions involving representatives from various government factions, a draft agreement was proposed to resolve the central bank crisis. The UNSML urged all parties to avoid unilateral actions that could destabilize the country further.
As tensions ease and diplomatic efforts continue, Libya inches closer to a peaceful resolution. The collective effort to address the central bank crisis signifies a step towards stability and unity in the war-torn nation.
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