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UN Libya Mission to Resume Talks between Factions over Bank Governor

Libyan Ministry of Interior personnel stand guard in front of the Central Bank of Libya in Tripoli, Libya, August 27, 2024. (Reuters)
Libyan Ministry of Interior personnel stand guard in front of the Central Bank of Libya in Tripoli, Libya, August 27, 2024. (Reuters)
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UN Libya Mission to Resume Talks between Factions over Bank Governor

Libyan Ministry of Interior personnel stand guard in front of the Central Bank of Libya in Tripoli, Libya, August 27, 2024. (Reuters)
Libyan Ministry of Interior personnel stand guard in front of the Central Bank of Libya in Tripoli, Libya, August 27, 2024. (Reuters)

The UN mission in Libya will resume facilitating talks between factions in Tripoli on Wednesday to try to resolve the central bank crisis that has slashed oil output and threatened to end four years of relative stability.

Libya's two legislative bodies, the House of Representatives based in Benghazi in eastern Libya, and the High Council of State in Tripoli in the west, agreed this month to jointly appoint a central bank governor, potentially defusing a battle for control of the country's oil revenue.

Libya's central bank is the sole legal repository for oil revenue, and it pays state salaries across the country.

The consultations between the two bodies were supposed to have concluded on Monday over an agreement to choose a nominee for governor and a board of directions within 30 days, having already been extended last week by five days.

The UN mission, in agreeing to resume the talks with both legislative bodies and the Presidential Council, said "time is of the essence in reaching a consensual solution to the crisis and mitigating its adverse effects".

The Presidential Council, based in Tripoli, had only rarely intervened directly in Libyan politics before its head Mohammed al-Menfi moved in August to replace veteran central bank Governor Sadiq al-Kabir which led eastern factions to order a halt of oil flows across Libyan oilfields in protest.

Libya has had little peace since a 2011 NATO-backed uprising and it split in 2014 between eastern and western factions. Major warfare ended with a ceasefire in 2020 and attempts to reunify, but divisions persist.

The House of Representatives parliament and the High State Council were both recognized internationally in a 2015 political agreement, although they backed different sides for much of Libya's conflict.

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Israeli Defense Chief Says Temporary Truce with Hamas is Possible

FILE -Israeli Prime Minister Benjamin Netanyahu, left and Defense Minister Yoav Gallant attend a press conference in the Kirya military base in Tel Aviv, Israel, Oct. 28, 2023. (Abir Sultan/Pool Photo via AP, File)
FILE -Israeli Prime Minister Benjamin Netanyahu, left and Defense Minister Yoav Gallant attend a press conference in the Kirya military base in Tel Aviv, Israel, Oct. 28, 2023. (Abir Sultan/Pool Photo via AP, File)
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Israeli Defense Chief Says Temporary Truce with Hamas is Possible

FILE -Israeli Prime Minister Benjamin Netanyahu, left and Defense Minister Yoav Gallant attend a press conference in the Kirya military base in Tel Aviv, Israel, Oct. 28, 2023. (Abir Sultan/Pool Photo via AP, File)
FILE -Israeli Prime Minister Benjamin Netanyahu, left and Defense Minister Yoav Gallant attend a press conference in the Kirya military base in Tel Aviv, Israel, Oct. 28, 2023. (Abir Sultan/Pool Photo via AP, File)

Israel’s defense minister says the window is closing on an opportunity to reach a temporary cease-fire deal with Hamas that he believes could also bring calm to the country’s volatile northern border with Lebanon.
Speaking to reporters, Yoav Gallant said that conditions are ripe for at least a six-week pause in fighting that would include the release of many of the hostages held in Gaza. However, he would not commit to a permanent end to the fighting, as Hamas has demanded, raising questions about the feasibility of a deal.
“Israel should achieve an agreement that will bring about a pause for six weeks and bring back hostages,” he said. After that period, he said, “we maintain the right to operate and achieve our goals — including the destruction of Hamas.”
The United States, along with mediators Egypt and Qatar, has been working for months to broker a cease-fire to end the devastating war between Israel and Hamas. A main area of disagreement has been Hamas’ demand for an end to the nearly year-old war and a full withdrawal of all Israeli troops from the Gaza Strip.
Israeli Prime Minister Benjamin Netanyahu has raised a new sticking point in recent weeks, saying that Israel must remain stationed in a strategic corridor along Gaza’s border with Egypt indefinitely.
Gallant has been quoted in Israeli media as saying that Israel could withdraw from the corridor for six weeks — to allow hostages to go free without risking Israel’s security. The two men reportedly got into a heated shouting match at a recent Cabinet meeting where ministers overwhelmingly sided with Netanyahu.
During Monday’s meeting with foreign journalists, Gallant was asked about his relationship with the prime minister.
“As defense minister, my first priority is the state of Israel and those who protect her, and then everything else,” The Associated Press quoted him as saying.
The current US-led proposal calls for a three-phase plan, beginning with a six-week pause in fighting during which Hamas would release some of the roughly 70 hostages who are still believed to be alive and held by the militants.
In exchange, Israel would free dozens of Palestinian prisoners, withdraw troops from Palestinian population centers, allow displaced Gazans to return to their original place of residence and facilitate the influx of large amounts of badly needed humanitarian aid.
White House national security spokesman John Kirby said on Monday that Hamas had sought changes to the evolving proposal, calling it the “main obstacle” to a deal. Hamas rejected Kirby's allegations as “baseless” and again accused the US of hindering an agreement by siding with Israel.
Gallant cast doubt on Hamas' intentions and was skeptical about whether the deal’s second phase — which is to include the release of the remaining hostages and a complete halt to the fighting — could be implemented.
He said repeatedly that Israel remains committed to its “war goals” — bringing home all hostages, destroying Hamas’ military and governing capabilities, and making sure the group can never threaten Israel again.
With Hamas repeatedly regrouping in areas of Gaza that Israeli troops have left, and with no plan for an alternative postwar government, it remains unclear when or if these goals can be fully achieved.
Gallant accused Hamas of intransigence in the talks and called for more international pressure on the militant group. Still, he said that after inflicting heavy damage recently on Hamas in Gaza and Hezbollah in Lebanon, there is an opportunity for at least the first phase of the deal.
He said he believed a truce with Hamas could also lower tensions with Hezbollah and allow displaced Israelis to return to their homes in northern Israel, near the Lebanese border.