Lana News
Libyan News Agency
Latest News
LANA Cooperation agreement between the Central Bank of Libya and the World Bank within the General Reserves and Asset Management Program (RAMP)
LANA US Representative to the Security Council: Our goal is to see Libya under a single government capable of extending its authority over the entire country.
LANA British Ambassador to the Security Council: Lack of political progress in Libya deepens instability and corruption
LANA Tetteh: Corruption that benefits private interests affects funding for development, healthcare, and education.
LANA AFRICOM announces the organization of its annual special forces exercise in Sirte, with the participation of security forces from all regions of Libya.
LANA The Minister of Justice of the Government of National Unity discusses with the Italian Ambassador ways to enhance judicial cooperation between Libya and Italy.
LANA Tetteh calls on the Presidential Council to establish a mechanism to strengthen the security sector in western Libya.
LANA Tetteh: The UN mission will be forced to adopt a different approach if the House of Representatives and the State Council do not agree on the Electoral Commission.
LANA Tetteh: The Central Bank of Libya's announcement of the existence of billions of dinars without its knowledge is worrying and will affect the value of the Libyan dinar.
LANA Tetteh: The House of Representatives and the State Council have not yet discussed the legal and constitutional framework for the elections.

Tetteh: Corruption that benefits private interests affects funding for development, healthcare, and education.

Pulbished on:

New York, October 14, 2025 (LANA) - The Special Representative of the Secretary-General for Libya (SRSG), Hannah Tetteh, stressed that corruption fueled by private interests affects funding for development, healthcare, education, and employment in Libya.

In her regular briefing to the UN Security Council on Tuesday, Tetteh said that economic and financial governance is not functioning well, and the lack of oversight over some activities, particularly those related to monitoring fuel distribution, increases economic pressures and challenges.

She added that the Central Bank's announcement of the discovery of $6.5 billion in its Benghazi branch, which was not brought in through legal channels, is a concern for Libya's financial stability. She noted that this brings the total amount of illicit funds discovered this year to 10 billion dinars.

The UN envoy indicated that this practice undermines the stability of the Libyan dinar in the market and requires legal accountability and financial oversight. She welcomed the Central Bank's decision to take all necessary legal measures to combat corruption.