Prime Minister Abdul Hamid Dbeibah reaffirmed on Sunday his government’s commitment to fully implementing the Unified Development Agreement, despite persistent questions about its financing and implementation mechanisms.
The head of the Government of National Accord (GNA), based in Tripoli, met with the Governor of the Central Bank of Libya, Naji Issa, to review the country’s economic and financial situation.
Talks focused primarily on public revenues and expenditures, as well as strengthening coordination between fiscal and monetary policies.
The meeting also provided an opportunity to assess the progress of the Unified Development Agreement and compliance with its provisions during the various phases of its implementation.
Abdul Hamid Dbeibah assured that his government fully supports this framework, presented
as an instrument designed to better distribute development projects and resources among Libya’s different regions.
The PM requested that any shortcomings identified during the implementation of the agreement be documented, their causes determined, and corrective measures adopted swiftly. He deemed this step essential to achieving the established objectives and preventing administrative or financial difficulties from further delaying the agreed projects.
Dbeibah also emphasised the need to maintain regular consultations between the government and the Central Bank.
This coordination, he argued, should allow for better monitoring of financial commitments, align spending decisions with actual financing capacity, and preserve economic stability.
However, no figures concerning revenues, expenditures, or the budgets allocated to development projects were released following the meeting.
The announcement also failed to specify the agreement’s implementation timeline, project selection criteria, or the mechanisms in place to monitor the use of funds.
These elements appear crucial in a country where the division of institutions and the rivalry between Western and Eastern authorities have complicated the adoption of a common and transparent budgetary framework for several years.
The meeting between Dbeibah and Naji Issa thus reflects a stated desire to align the government’s spending policy with the Central Bank’s monetary policy guidelines. Its impact, however, will depend on the publication of detailed financial data, the effective implementation of the announced measures, and the ability of the rival institutions to adhere to the same rules for managing public resources.
MK/AK/Sf/fss/as/APA