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.



France to Host Syria Meeting with Arab, Turkish, Western Partners in January

This aerial view shows people celebrating the ouster of Syria's president Bashar al-Assad, around the New Clock Tower along Quwatli Street in the center of Homs on December 18, 2024. (AFP)
This aerial view shows people celebrating the ouster of Syria's president Bashar al-Assad, around the New Clock Tower along Quwatli Street in the center of Homs on December 18, 2024. (AFP)
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France to Host Syria Meeting with Arab, Turkish, Western Partners in January

This aerial view shows people celebrating the ouster of Syria's president Bashar al-Assad, around the New Clock Tower along Quwatli Street in the center of Homs on December 18, 2024. (AFP)
This aerial view shows people celebrating the ouster of Syria's president Bashar al-Assad, around the New Clock Tower along Quwatli Street in the center of Homs on December 18, 2024. (AFP)

France will host a meeting on Syria with Arab, Turkish, western partners in January, said France’s Foreign Minister Jean-Noel Barrot on Wednesday.

The meeting will be a follow-up to the one held in Jordan last week.

Speaking in parliament, Barrot added that reconstruction aid and the lifting of sanctions in Syria would depend on clear political and security commitments by the new authorities.

The new Syrian transition authorities will not be judged on words, but on actions over time, he stressed.

Earlier, French President Emmanuel Macron and Turkiye's Recep Tayyip Erdogan agreed that the transition in Syria should be respectful of the rights of all communities in the country, the French presidency said after the leaders spoke by phone on Wednesday.

"They expressed their wish that a peaceful and representative political transition, in accordance with the principles of resolution 2254, respectful of the fundamental rights of all communities in Syria, be conducted as soon as possible," an Elysee statement said, referring to a United Nations Security Council resolution.  

Barrot added that fighting in northeastern Syrian cities of Manbij and Kobane must stop immediately.

France is working to find deal between Turks and Kurds in Syria’s northeast that meets interests of both sides, he revealed.

Macron made clear in his call with Erdogan that Kurdish Syrians needed to be fully-integrated in political transition process, continued the FM.

The Kurdish-led Syrian Democratic Forces must be part of the political transition process, he urged.