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CBL announces agreement with PC on 2018 budget of LD 42.5 bn

In a very brief statement, the Central Bank of Libya (CBL) announced today that it has agreed with the Faiez Serraj-led Presidency Council (PC) on the 2018 budget totalling LD 42.5 billion.
The CBL stated that the budget included an agreement to establish a mechanism to follow up on the budget’s implementation in order to ensure their proper implementation and in order to ensure the allocated amounts are spent for the goals set for them.

The statement gave no further details. There has been no confirmation or comment from the Presidency Council on the CBL statement.

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