Libya’s two rival legislative bodies have approved the country’s first unified state budget in more \u200cthan a decade, its central bank said in a statement this Saturday.<\/p>\n
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The oil-producing North African country has been divided since a 2014 civil war that spawned two administrations in the west and east. Its last unified national budget \u2060was agreed in 2013.<\/p>\n
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The central bank said the approval of the budget by the two rival legislative chambers could help strengthen financial stability, marking an important move toward ending years of financial division.<\/p>\n
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The two legislative chambers are the eastern-based House of Representatives (HoR) that was elected in 2014 and the High Council of State in the west which was formed as part of \u200ca \u20602015 political agreement and whose members were drawn from a parliament elected in 2012.<\/p>\n
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The agreement approving the budget was signed by Essa Aribi, a representative of the Benghazi-based HoR, and Abduljalel Shawesh a \u2060representative of the High Council of State in Tripoli where the internationally recognised Government of National Unity is also based.<\/p>\n
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“This is a clear \u2060declaration that Libya is capable of overcoming its differences when a unified vision for its future is forged,” said central \u2060bank Governor Naji Issa, who supervised the signing ceremony at the bank’s headquarters in Tripoli.<\/p>\n
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–Reuters–<\/p>\n","protected":false},"featured_media":31542,"template":"","meta":{"_acf_changed":false},"news-type":[78,44],"class_list":["post-31540","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"Libya's two rival legislative bodies have approved the country's first unified state budget","published_date":"2026-04-11 14:14:32","news_description":"Libya's two rival legislative bodies have approved the country's first unified state budget","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31540\/revisions"}],"predecessor-version":[{"id":31543,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31540\/revisions\/31543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/31542"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=31540"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=31540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}