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.



Sudanese City Pounded as Analysts Report 'Unprecedented' Combat

Displaced Sudanese in front of their tent at a United Nations Refugee Agency (UNHCR) camp in Gallabat on the Ethiopian border -- the UN says millions of people have been uprooted by Sudan's war - AFP
Displaced Sudanese in front of their tent at a United Nations Refugee Agency (UNHCR) camp in Gallabat on the Ethiopian border -- the UN says millions of people have been uprooted by Sudan's war - AFP
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Sudanese City Pounded as Analysts Report 'Unprecedented' Combat

Displaced Sudanese in front of their tent at a United Nations Refugee Agency (UNHCR) camp in Gallabat on the Ethiopian border -- the UN says millions of people have been uprooted by Sudan's war - AFP
Displaced Sudanese in front of their tent at a United Nations Refugee Agency (UNHCR) camp in Gallabat on the Ethiopian border -- the UN says millions of people have been uprooted by Sudan's war - AFP

Heavy fighting on Saturday shook a Sudanese city besieged by the Rapid Support Forces (RSF), witnesses told AFP, as US researchers reported unprecedented and escalating combat in the North Darfur state capital.

El-Fasher is one of five state capitals in Sudan's western Darfur region and the only one not in the hands of the RSF, who have been battling the regular army since April 2023.

The United Nations says the war across much of Sudan has created the world's largest displacement crisis, with millions uprooted, and has led to famine at a displacement camp near El-Fasher.

Darfur has seen some of the war's worst atrocities, and the RSF has besieged El-Fasher since May.

"Neighbourhoods are completely deserted and all you can hear are explosions and missiles," Ibrahim Ishaq, 52, told AFP.

"The central market area has become unliveable because of the intensity of the explosions," said Ishaq, who fled westward from the city on Friday.

Witnesses reported army bombardment south and east of the city on Saturday and said they heard air-defence batteries firing.

The Yale School of Public Health's Humanitarian Research Lab said in a report Friday that its analysis confirmed "unprecedented large-scale combat operations" in El-Fasher within the previous 10 days, "with significant escalation in the past 36 hours" involving both the army and the RSF.

It cited reports that describe "a major multidirectional RSF attack from the northern, eastern, and southern directions" on Thursday.

- 'Reduce to rubble' -

Darfur governor Mini Minawi had on Thursday said on social media platform X that the army had repelled "a large attack" by the RSF. However, RSF said they seized military sites in El-Fasher.

Using satellite imagery and other data, the Yale researchers said they found munition impacts "likely related to high-tempo aerial bombardment" from the regular army, but said other structural damage resulted from "RSF bombardment" and combat activity by both sides.

Whatever the battle's ultimate outcome, current levels of fighting "are likely to effectively reduce what is left of El-Fasher to rubble", the Yale study said.

The United States special envoy for Sudan, Tom Perriello, on Saturday said on X: "We are extremely concerned about the RSF's renewed attacks."

He urged the RSF "to stop its assault".

It was not immediately possible to determine the number of victims.

Sudan's war has already killed tens of thousands of people, with some estimates as high as 150,000, according to Perriello.

In the capital Khartoum on Saturday, around 800 kilometres (500 miles) from El-Fasher, witnesses reported heavy explosions and strikes to the city's south.

Independent UN experts earlier this month appealed for deployment of an "impartial force" to be urgently deployed in Sudan for civilian protection.

Sudan's foreign ministry, loyal to the army, rejected the idea.