By Libya Herald reporter.
Tunis, 12 June 2017:
Deputy Presidency Council (PC) leader Fathi Majbri, Central Bank of Libya (CBL) Governor Sadik Elkabir and House of Representatives (HoR) finance committee chairman Omar Tantoush, together with CBL officials, other bankers and financial experts, members of the HoR and representatives from the National Oil Corporation have taken part in a workshop in Tunis on the financial crisis in Libya – the consequences and action needed to be taken to end it.
Organised by the CBL, the workshop looked into monetary policy as well as financial and trade policies. It heard Elkabir explain that many of the problems, including the basic fact that Libya was living beyond it oil income and constantly drawing on foreign reserves. For his part Majbri, who heads the PC’s economic planning, noted that it was a lot easier to come up with solutions to the crisis than to apply them in the current situation.
Details of an action plan or decisions resulting from the workshop have not been disclosed so far.
The workshop included the participation of former CBL governors and deputy governors including Mohamed Abdulsalam Al-Shukri who is on the HoR’s shortlist to replace Elkabir.
Also at the Tunis hotel where the workshop took place, various other Libya key players were present and were involved in related as well as completely separate talks on the sidelines. These included PC deputy Ahmed Maetig and the head of the Presidential Guard Colonel Najmi Al-Nakua.