Skip to main content

Libya: Banks

Question for Foreign and Commonwealth Office

UIN HL5306, tabled on 7 February 2017

To ask Her Majesty’s Government what representations they have made at EU level on the role of the Libyan Central Bank and its use of oil revenues.

Answered on

20 February 2017

I discussed Libya at the Foreign Affairs Council (FAC) in Brussels on 6 February. The UK supported the FAC’s conclusions on Libya, which welcomed progress made at recent Libyan economic dialogue meetings. We joined EU Member States in calling on all participants, including the Central Bank of Libya, to fully implement their agreement to keep the legitimate economy functioning, ensure the necessary funds for government activities and end the liquidity crisis. We noted with the Council that the welcome increase in oil production should enable the Libyan Government to deliver public services more effectively.

Answered by

Foreign and Commonwealth Office