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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)
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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.

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Bushnaf: The Success of UN Initiative in Libya Depends on Int’l Support

Libyan National Security Adviser Ibrahim Bushnaf (Asharq Al-Awsat)
Libyan National Security Adviser Ibrahim Bushnaf (Asharq Al-Awsat)
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Bushnaf: The Success of UN Initiative in Libya Depends on Int’l Support

Libyan National Security Adviser Ibrahim Bushnaf (Asharq Al-Awsat)
Libyan National Security Adviser Ibrahim Bushnaf (Asharq Al-Awsat)

Libyan National Security Adviser Ibrahim Bushnaf has linked the success of the advisory committee, formed under the UN initiative to resolve the country’s political crisis and pave the way for long-delayed elections, to the level of international support it receives in countering resistance from certain local factions.
Speaking to Asharq Al-Awsat, Bushnaf said the committee’s effectiveness depends on various regional developments, emphasizing the influence of recent events.
He praised the 20 committee members selected by the UN mission to propose solutions to disputes over electoral laws, describing them as independent of the conflict’s rival factions and highlighting their academic and professional backgrounds.
Bushnaf also discussed several key issues, including irregular migration, fears of resettlement, and the international community’s stance on Libya. He argued that global powers are still “managing the crisis rather than fully engaging in a solution.”
Citing the United States as an example, he described Washington’s involvement in addressing Libya’s political deadlock as "limited, perhaps entirely left to its special envoy and acting ambassador."
He added that the international community, which intervened to help overthrow the previous regime and allowed marginal states to gain significant influence in Libya’s affairs, must now make a concerted effort to end the ongoing conflict.
Libya remains divided between two rival governments: the Tripoli-based interim Government of National Unity, led by Abdul Hamid Dbeibah, and a parliament-appointed administration headed by Osama Hammad, which controls the east and parts of the south.
As part of efforts to monitor the impact of regional developments on Libya’s security, Bushnaf dismissed reports of Russian weapons being transferred from Syria to Libya as “mere speculation.”
He pointed to Moscow’s official statement that it had begun talks with Syria’s new leadership on renewing agreements for its military bases there.
Bushnaf also addressed a proposal by Libyan Presidential Council member Moussa Al-Koni to revert to a three-region system as a way to break the political deadlock and end the country’s division.
He noted that while government positions are already distributed based on regional quotas, “this remains an individual viewpoint that has not gained widespread public support.”
Reaffirming the National Security Council’s stance, Bushnaf stressed that Libya “has always been and will remain a unified state,” emphasizing the need for a lasting political solution rather than temporary stabilization efforts.