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Governor of the Central Bank of Libya: The state's goals cannot be achieved under the current division.

Pulbished on:

Tripoli, November 4, 2025 (LANA) – The Governor of the Central Bank of Libya, Naji Issa, stated on Tuesday that the institutional division plaguing state institutions constitutes a major obstacle to achieving economic stability and implementing necessary reforms. He noted that the Central Bank is operating within a fragmented reality imposed by the current circumstances.

Speaking at the Banking Investment Conference held today in Tripoli, the Governor said, “I am working with two governments, not through formal agreements, but as a matter of fact. The Ministry of Economy is divided, the Ministry of Finance is divided, and so are most state sectors and institutions.”

The Governor pointed out that the political division has extended to the Central Bank of Libya itself, leading to it and the banking sector in general being blamed, even though, as he put it, the Central Bank does not possess magic solutions in the absence of a unified vision and a cohesive state.

He added that all state institutions, including the Ministry of Finance, are facing significant challenges. He explained that the state needs approximately $3 billion to cover its obligations, while net revenues transferred to the Central Bank do not exceed $1.5 billion, according to the current spending formula.

The governor asked, "How will the central bank deal with this situation, given the demands from merchants and the private sector? We must be realistic," emphasizing the need to acknowledge the facts and act with a sense of national responsibility to confront the current phase.

...(LANA)...