Big-Picture Outlook
The Government of National Unity (GNU) and its affiliated security groups are once again looking toward maximising their power, as the international processes to resolve the crisis are losing momentum.
Overall, the country is still suffering from institutional failure, as tensions once again flare up regarding the Ras Jdir border with Tunisia. The economy is still facing a major crisis, but the rise in oil prices globally is potentially giving the Central Bank of Libya (CBL) a chance to slow the bleeding.
Major Events This Week
- The Trump Administration is looking to hand over the North Africa file from Massad Boulos to Steve Witkoff, after Boulos has failed to achieve lasting political deals in the region.
- Presidential Council (PC) Chairman Mohammed al-Mnefi and PC Vice-Chairman Musa al-Koni held a meeting with members of the House of Representatives (HoR) and the High Council of State (HCS), and urged them to push toward a serious national dialogue.
- PC Chairman Mohammed al-Mnefi met with members of the “Berlin Working Group”, including representatives from the United Nations Support Mission in Libya (UNSMIL), Algeria, Egypt, Italy, Russia, Turkey, Germany, France, the United Kingdom, the Netherlands, China, and Tunisia.
- Former Minister of Culture for the Government of National Unity (GNU), Mabrouka Tougui, issued a statement recognizing the new minister of culture for the GNU. Tougui was the only minister to contest her replacement, and her acquiescence means Dabaiba’s cabinet shuffle will likely be secured.
- The Libyan dinar to USD conversion rate briefly rose to under 10 dinars per dollar, before once again rising back towards 11 dinars.
- Libyan media reported that the CBL is looking at removing some taxes on imports and standardizing the exchange rate at 6.37 dinars per US dollar for all purposes, due to the recent rise in oil prices.
- Libyan border forces at the Ras Jdir border crossing with Tunisia arrested 13 Tunisians, leading to protests and calls for the men to be released.
Download The Full Report
Clients can use the link below to download the full report in PDF format, which expands on the stories mentioned and provides exclusive insights and reporting on the country’s major political and security issues.