Disputes over control of Libya’s Central Bank have raised alarms about the potential misuse of the country’s financial resources.
“UNSMIL is convening an emergency meeting for all parties involved in the Central Bank of Libya crisis in order to reach a consensus based on political agreements, applicable laws, and the principle of the central bank’s independence,” the statement said.
The UN mission has called for the suspension of unilateral decisions, the lifting of force majeure on oil fields, the halting of escalations and use of force, and the protection of Central Bank employees.
Libya’s economy is heavily reliant on oil revenue, and there have been moves to impose force majeure on oil fields, effectively cutting off the country’s primary source of income.
Earlier on Monday, Libya’s eastern-based administration ordered the closure of oilfields in eastern Libya, which account for almost all the country’s production, halting both production and exports after tensions flared over the Central Bank’s leadership.
There has been no confirmation of these actions from the internationally recognized government in Tripoli or from the National Oil Corp. (NOC), which controls the country’s oil resources.Libyan armed groups and authorities reached an accord in Tripoli to secure important infrastructure, the country’s interior minister announced, following concern from the UN over recent fighting and a brewing crisis surrounding the country’s central bank.
The North African country of 6.8 million has struggled to recover from years of conflict after the 2011 NATO-backed uprising that overthrew former ruler Muammar Qaddafi.
It remains divided between a UN-recognized government in the capital Tripoli led by Prime Minister Abdul Hamid Dbeibah, and a rival administration in the east backed by military strongman Khalifa Haftar.
“In coordination with the Ministry of Defense, we have brought together all the security services of Tripoli and managed to reach an agreement to secure the airports and land borders, as well as the headquarters of government (institutions) in the capital,” said Interior Minister Imad Trabelsi, of the UN-recognized government.
The armed groups and security services “expressed their immediate willingness” to put the agreement into force, he added.
“Within 24 hours, we will secure all governmental buildings, including that of the Central Bank of Libya.”
The bank’s governor since 2012, Seddik Al-Kabir, has faced criticism from figures close to Prime Minister Dbeibah over the management of Libya’s oil resources and the state budget.
On Tuesday, the acting head of the UN’s political mission in the country, Stephanie Koury, told the UN Security Council that in “the past two months, the situation in Libya has deteriorated quite rapidly,” citing recent fighting between armed groups on the outskirts of Tripoli and attempts to forcibly expel Kabir.
The UN mission on Thursday called on parties to exercise restraint, expressing “grave concerns about reports of mobilization of forces in Tripoli, including the threats to use force to resolve the crisis surrounding the Central Bank of Libya.”
The US Embassy also raised the tensions around the bank on Thursday night, saying any attempt to resolve matters by force would impact the institution’s integrity and its position in the global financial system.
Around two weeks ago, several dozen people, some of them armed, gathered in front of the bank’s headquarters in a bid to force Kabir to resign.
And last Sunday, the director of the bank’s IT department was briefly kidnapped by an unidentified group, prompting the institution to suspend operations until he was released.
Libya is also facing a migrant crisis. The African Union Commission and the UN refugee agency on Friday extended an agreement to take in African refugees stranded in the country.
The September 2019 agreement will be extended to Dec. 31, 2025, according to a joint statement.
“The agreement reaffirms the commitment of all parties to provide protection and seek durable solutions for refugees and asylum-seekers evacuated from Libya,” it said.
It said that more than 2,300 refugees and asylum seekers from Eritrea, Sudan, South Sudan, Somalia, Ethiopia, Nigeria, Chad, Cameroon, Guinea, Cote d’Ivoire and Mali had been evacuated since the MOU. Around 1,800 were resettled to third countries.
When announced in 2019, Rwanda was prepared to take in as many as 30,000 Africans from Libya.
The statement added the UNHCR would “continue to provide protection and required assistance, including shelter, food, health care, and other essential services for evacuees during their stay in Rwanda.”
