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Central Bank Crisis Reveals Structural Defect in Libya's Political Landscape
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Disputes over power and constitutional issues form a major obstacle to achieving stability in Libya, necessitating effective international intervention to break the ongoing conflict cycle

Stephanie Khoury, Acting Head of the United Nations Support Mission in Libya, stated that the recent crisis at the Central Bank has highlighted the fragility of the country's political process and the depth of division plaguing state institutions. She emphasized the need to end this deteriorating situation.
In her briefing to the UN Security Council on Wednesday, Khoury reported that unilateral actions by Libyan political parties "led to instability and had negative repercussions on the general situation in the country."
Recently, the Presidential Council's decision to change the governor of the Central Bank in Tripoli sparked a political dispute that led to the closure of oil facilities and the cessation of production and export operations. However, these tensions ended after reaching an agreement on appointing new leadership for the bank.
In this regard, Khoury appealed to Libyan leaders to take additional steps following the resolution of the Central Bank crisis and to cooperate in reaching a comprehensive political settlement in a spirit of consensus, aiming to ensure the independence of state institutions and avoid exploiting the country's resources for political gains.
The UN envoy addressed the ongoing disputes and conflicts over power and constitutional issues, such as the parliament's demand to dismiss the Government of National Unity and the issue of establishing a constitutional court in Benghazi, considering these actions as a source of tension in the country that deepens existing divisions.
Khoury affirmed that "the current situation has dragged on for too long, and the Libyan people deserve better than this," calling on the international community and the United Nations to make efforts to manage the crisis in Libya and reach a radical and comprehensive solution in the country.
For some time, the political process in Libya has faced a state of stagnation, with failure to reach a solution due to power struggles and legal disputes related to elections. This situation reveals the magnitude of challenges obstructing the path to consensus and understanding among the country's leaders and highlights the numerous obstacles standing in the way of resolving the crisis.
Levant-Agencies
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Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
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