On Wednesday, November 4, 2026, Fozie Abukhzam, the Governor of Libya's Central Bank, arrived at the House of Representatives in Benghazi. This visit comes as the House is holding a consultative meeting to discuss the country's economic crisis. The meeting, which is being attended by experts and specialists, aims to find solutions to the current economic challenges facing Libya.
The consultative meeting is being held in coordination with the National Planning Council and features participation from several experts, including Dr. Atia Al-Fitouri and Dr. Mohamed Abusnina. The Speaker of the House of Representatives, Saleh Abdul Nabi, emphasized the importance of experts providing realistic visions and solutions to achieve economic stability. He called for the launch of a national economic reform plan.
The arrival of Abukhzam at the House of Representatives comes after the approval of his appointment as the Governor of the Central Bank on Monday, November 2, 2026. He was appointed following the resignation of Najie Issa. The House of Representatives also discussed the budget for the upcoming year, which is expected to be unified and include specific allocations.
According to the Speaker of the House, the budget for the next year will have a single chapter for salaries and a separate chapter for subsidies. He stressed the need for the Finance Committee to work with experts to prepare a budget before the end of the year. This will enable the country to start the new year with a clear financial plan.
The economic crisis in Libya has been exacerbated by various factors, including the ongoing conflict and political instability. The country's economy is heavily reliant on oil exports, and the current crisis has resulted in significant challenges in managing the country's finances. The consultative meeting aims to address these challenges and find sustainable solutions.
The meeting in Benghazi is seen as a crucial step towards addressing Libya's economic challenges. The participation of experts and specialists is expected to provide valuable insights and recommendations for the country's economic recovery. The House of Representatives has emphasized its commitment to working towards finding solutions to the economic crisis.
The economic situation in Libya remains a major concern for the country's leaders and citizens. The international community has also expressed its support for efforts to stabilize the country's economy. The outcome of the consultative meeting in Benghazi is expected to have a significant impact on the country's economic future.
Key points
- Libya's Central Bank Governor Fozie Abukhzam arrives at the House of Representatives in Benghazi to discuss the country's economic crisis.
