World Bank reaffirms support for Libya and warns of weak economic growth

Washington – Libyan Economic Monitor Report of the World Bank warned that Libya is facing enormous economic challenges, in light of continued disintegration of state institutions and social challenges, with the tense political situation.

In the report, the World Bank noted Libya’s need for urgent investments in infrastructure, and social assistance for vulnerable groups, including a more effective and regular pandemic vaccination campaign.

Jesco Henschel, the Regional Director of the World Bank for the Maghreb and Malta, said that Libya desperately needs unified institutions, good management, strong political will, and long-awaited reforms, noting that the performance of the local economy in 2020 was the worst in recent years.

In light of the problems in the oil sector, and Covid pandemic, the report warned that growth in non-oil sectors remained weak, hampered by the ongoing conflict and poor services.

The World Bank affirmed its commitment to support Libya through technical assistance and analytical services, in addition to financing trust funds and grants.

Source: Libyan News Agency

Bashagha asks NOC Chairman to forward his proposals regarding the mechanisms necessary to preserve and maintain revenues generated from oil

Benghazi- Head of Libyan government appointed by House of Representatives, Fatehi Bashagha, urgently requested Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla to refer his proposals regarding the mechanisms necessary to preserve and maintain funds generated from oil revenues.

This came in a message addressed to Sanallah and published by the Government Information Office yesterday evening, , on its Facebook page.

In his letter, Bashaga said that his request comes within the framework of the Libyan government’s efforts to end the crisis of suspending oil production and exports, and this matter has seriously harmed the financial position of the Libyan state, as well as the infrastructure of the oil sector, indicating that his government has made urgent and extensive contacts with many parties, visiting the Oil Crescent region and listening to the demands of the protesters who expressed their objection to the mechanisms for disposing of funds resulting from oil revenues and the lack of transparency and the distribution, employment and management of those funds without any legal basis in expenditures.

He noted that the National Oil Corporation, being the body responsible for the production and export of oil and the collection of its revenues, requires agreement on specific and disciplined mechanisms to ensure that oil revenues are kept in the accounts of the National Oil Corporation and not referred until the issuance of the budget law by the House of Representatives, stressing the need to ensure the continuation of the payment of salaries and

the like, as well as the continuation of spending on Chapter Four in order to preserve the interest of the citizens.

Bashagha affirmed his government’s relentless efforts to resume oil production and export, and its full readiness to complete all necessary procedures to ensure the adoption of mechanisms related to the preservation and maintenance of oil revenues and to ensure their good management and non- political exploitation.

Source: Libyan News Agency

UN Security Council votes tonight on extending mandate of UN Support Mission in Libya

New York-UN Security Council will vote Thursday to extend the mandate of the UN support mission in Libya.

ICC Prosecutor Karim Khan is scheduled to present his semi-annual briefing to council members on ICC cases in Libya.

The mandate of the UN mission in Libya expires on April 30, in accordance with the Council’s latest resolution, which was extended to the mission for only three months.

Source: Libyan News Agency

Williams Gets British support for viable electoral-constitutional path in Libya

London, 28 April, 2022 (Lana) – Adviser to the United Nations Secretary-General, Stephanie Williams, met, on Wednesday, in the British capital, London, with Lord Ahmed, Lord of Wimbledon, Minister for South Asian, North African, United Nations and Commonwealth Affairs at the Ministry of Foreign Affairs, Commonwealth Affairs and Development, in addition to several senior UK officials. Williams, according to a tweet posted on Twitter, Thursday, briefed UK officials on the current situation in Libya, including the results of recent consultations held in Cairo on April 13-18 for the joint committee of the House of Representatives and the High Council of State.

Williams stated that there was complete agreement in the meetings to support a viable constitutional electoral process in Libya with a view to holding national elections on a solid constitutional basis as soon as possible. She also reiterated the need to maintain calm on the ground, and the need to strengthen human rights, accountability and the rule of law.

Source: Libyan News Agenc y

FT: Russia withdraws 200 Wagner mercenaries from Libya along with 1,000 Syrians

London-Britain’s Financial Times on Thursday devoted a prominent space to a report prepared by its correspondents in Ukraine’s combat zones to talk about Russia’s reducing of (numbers of Wagner mercenaries and Syrian fighters in Libya, because Russia’s invasion of Ukraine restricted wagner’s deployment in the North and West of Africa).

“More than 1,000 Syrian fighters deployed by the Kremlin in Libya have been withdrawn, according to Libyan and Western officials, in what they saw as a first indication of the effects of the Ukrainian war on the deployment of fighters and mercenaries abroad,” the report said. The two reporters attributed to a regional official his admission that there were some 5,000 mercenaries in the country working on behalf of Moscow. A senior Libyan official confirmed that the Russians had withdrawn mercenaries from his country but did not provide figures.

The correspondents said that (Libyan and Western officials, in what they saw as a first indication of the effects of the Ukrainian war, two Western officials said that about 200 Wagner mercenaries and 1,000 Syrian fighters had been withdrawn in the past weeks. “At first, the Syrians and then Wagner’s elements were withdrawn,”

The correspondents quoted Imad Al-Din Badi, a senior researcher at the Atlantic Council, as saying that the past weeks has seen increased mobility in this direction, although there was still a number of them but less than before”.

Three Western officials said that Wagner’s mercenaries had been withdrawn for re-deployment in Ukraine, and it was not known whether Syrian fighters were also deployed there, according to the Financial Times report.

Source: Libyan News Agency