Joint communiqué on Libyan institutions

News - 2015.5.11

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At a time in which the political process sponsored by the United Nations is progressing towards a lasting solution to the conflict in Libya, we express our concern at the attempts to divert Libyan resources to the benefit of any specific party to the conflict and thus harm the smooth operation of the financial and economic institutions that belong to the Libyan people as a whole. We reiterate our hope that all those that represent the independent institutions of Libya, in other words, the Central Bank of Libya (CBL), the Libyan Investment Authority (LIA), the National Oil Corporation (NOC), and the Libyan Post, Telecommunications and Information Technology Company (LPTIC) will continue to act in defence of the long-term interests of the Libyan people to help ratify the unified administrative structure under a National Unity Government. We stress that only a government able to effectively supervise and protect the independent institutions of Libya, whose function is to safeguard the resources of Libya to the benefit of all Libyans, can tackle the challenges facing Libya at this time. Terrorists are exploiting this conflict to establish a presence in Libya and are seeking to harness the national wealth of Libya to enhance their appalling transnational designs.

Libya is fortunate to have sufficient resources to become a peaceful and prosperous nation, with a strong and positive impact on the region in general. We would urge all Libyans to support the continued independence of their financial and economic institutions.