Libyan Central Bank Announces ‘Clearing’ of Public Debt

Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)
Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)
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Libyan Central Bank Announces ‘Clearing’ of Public Debt

Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)
Tunisia’s Foreign Minister, Mohamed Ali Nafti meets with Stephanie Khoury, acting head of the United Nations Support Mission in Libya. (Tunisian Foreign Ministry)

Former Governor of the Central Bank of Libya Sadiq al-Kabir said he is confident of returning to his role at the bank, despite not providing a specific timeline.

Kabir, speaking from self-imposed exile in Istanbul, emphasized the legality of his position and accused the current administration of resorting to intimidation, including arrests and kidnappings of bank staff, to force their return to work.

Kabir also claimed that the bank’s dealings with 30 major international institutions have been suspended.

Meanwhile, the newly appointed Central Bank administration, selected by the Presidential Council, announced that Libya’s public debt has been entirely cleared, reducing it to zero.

In its monthly financial report, covering the period from the start of the year to the end of the previous month, the administration said it aimed to increase transparency and accountability in the bank’s operations.

It highlighted ongoing efforts to improve communication and ensure monetary and financial stability.

Asim al-Hajjaji, the head of compliance at the Central Bank, confirmed that the institution had regained stability with the return of all employees, Italian Nova Agency reported.

He noted that the bank is now focusing on aligning with international standards and boosting transparency, which has helped restore the confidence of international financial institutions.

The new administration is also working to re-establish ties with global banks and financial entities, he underlined.

On the diplomatic front, Tunisia’s Foreign Minister Mohamed Ali Nafti reaffirmed Tunisia’s support for UN-led efforts to resolve the Libyan crisis during a meeting with Stephanie Khoury, acting head of the United Nations Support Mission in Libya.

Tunisia offered to assist in facilitating dialogue and reconciliation efforts aimed at reaching a lasting political solution in Libya.

Khoury expressed her appreciation for Tunisia’s ongoing support and cooperation with the UN mission, emphasizing the country’s role in providing essential assistance to the mediation process.



Lebanon’s New PM Sees Positive Atmosphere in Cabinet Formation Talks

This handout picture provided by the press office of the Lebanese presidency shows Lebanon's Prime Minister-designate Nawaf Salam speaking to the media at the presidential palace in Baabda, east of Beirut on January 17, 2025. (Lebanese Presidency / Handout/ AFP
This handout picture provided by the press office of the Lebanese presidency shows Lebanon's Prime Minister-designate Nawaf Salam speaking to the media at the presidential palace in Baabda, east of Beirut on January 17, 2025. (Lebanese Presidency / Handout/ AFP
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Lebanon’s New PM Sees Positive Atmosphere in Cabinet Formation Talks

This handout picture provided by the press office of the Lebanese presidency shows Lebanon's Prime Minister-designate Nawaf Salam speaking to the media at the presidential palace in Baabda, east of Beirut on January 17, 2025. (Lebanese Presidency / Handout/ AFP
This handout picture provided by the press office of the Lebanese presidency shows Lebanon's Prime Minister-designate Nawaf Salam speaking to the media at the presidential palace in Baabda, east of Beirut on January 17, 2025. (Lebanese Presidency / Handout/ AFP

Lebanese Prime Minister-designate Nawaf Salam said on Friday the formation of a new government would not be delayed, indicating a very positive atmosphere in discussions over its composition.

Salam was nominated by a majority of lawmakers on Monday to form the new government, although he did not win the backing of the Shiite parties Hezbollah and the Amal Movement, led by parliament Speaker Nabih Berri.

"The atmosphere is more than positive among all the blocs and today from Speaker Berri," Salam said, speaking to reporters after a meeting with President Joseph Aoun, who was elected by parliament on Jan. 9.

Berri, a close Hezbollah ally, said on Friday he held a "promising meeting" with Salam.

The Iran-backed Hezbollah and Amal had wanted the incumbent Prime Minister Najib Mikati to stay in the post, but a majority of lawmakers opted for Salam, who formerly served as president of the International Court of Justice.

Government formation discussions are often protracted in Lebanon, due to bartering among its sectarian factions over cabinet positions.