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.



Türkiye, Israel Have Begun Talks to Avoid Clashes in Syria

Turkish Foreign Minister Hakan Fidan attends an interview with Reuters, in Brussels, Belgium April 4, 2025. REUTERS/Yves Herman
Turkish Foreign Minister Hakan Fidan attends an interview with Reuters, in Brussels, Belgium April 4, 2025. REUTERS/Yves Herman
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Türkiye, Israel Have Begun Talks to Avoid Clashes in Syria

Turkish Foreign Minister Hakan Fidan attends an interview with Reuters, in Brussels, Belgium April 4, 2025. REUTERS/Yves Herman
Turkish Foreign Minister Hakan Fidan attends an interview with Reuters, in Brussels, Belgium April 4, 2025. REUTERS/Yves Herman

Turkish and Israeli officials began talks on Wednesday aimed at preventing unwanted incidents in Syria, where militaries of the two regional powers are active, Turkish ministry sources said on Thursday. 

The sources said the technical talks, in Azerbaijan, marked the beginning of efforts to set up a channel to avoid potential clashes or misunderstandings over military operations in the region. 

"Efforts will continue to establish this mechanism," one of the sources said, without providing further details on the scope or timeline of the talks. 

The initiative comes a week after Israel stepped up airstrikes on Syria, which it described as a warning to the newly formed government in Damascus. It has also accused Türkiye of attempting to turn Syria into a Turkish protectorate. 

Reuters reported last week that Turkish military teams had inspected at least three air bases in Syria where they could deploy forces as part of a planned joint defense pact with Damascus - before Israel hit the sites with airstrikes. 

Türkiye and Israel - which have traded diplomatic barbs since Israel's attacks began on Gaza in 2023 - each said last week they did not seek confrontation in Syria, which both border. 

Turkish Foreign Minister Hakan Fidan confirmed on Wednesday that technical talks were taking place, emphasizing that such mechanisms were necessary to prevent misunderstandings between the two regional powers' forces. 

The talks were similar to deconfliction mechanisms Türkiye has with the US and Russia, he said on broadcaster CNN Turk.