Libya’s rival administrations have agreed to unify public spending for the first time in more than 13 years under a US-brokered deal, the central bank announced.
The agreement was signed by Issa Al-Arebi, a representative of the Benghazi-based House of Representatives, and Abdul Jalil Al-Shawish, a representative of the High Council of State in Tripoli.
“This step reflects real progress toward unifying fiscal policy and strengthening the good management of public spending,” the central bank said.
The central bank…
