PM receives audit report conducted by the UN on the work of the Central Bank

Head of the United Nations Support Mission in Libya met with the Prime Minister of the GNU to deliver the UN conduct audit report on the Central Bank

BY Libyan Express Jul 08, 2021 - 14:17

The audit report was carried out by Deloitte International. [Photo: GNU]

During his meeting with Jan Kubis, the head of the United Nations Support Mission in Libya, Prime Minister Abdul Hamid Debaiba received the UN-conducted independent audit report of both branches of the Central Bank of Libya.

The report, which was requested by Libya’s previous head of government in 2018, was carried out with the goal of restoring the country’s Central Bank’s integrity, transparency, and public confidence, as well as preparing for the full unification of both of its branches.

Deloitte International, the firm chosen to conduct the review, met with representatives of the Libyan Presidency Council, Libya’s Attorney General’s Office, and both branches of the Central Bank of Libya (CBL).

The report’s final process began in August of last year, with the firm confirming all of the information gathered on both branches of the CBL through verified their parties and collecting all additional data required from official sources.

The final report will include recommendations for improving and permanently unify the country’s struggling banking infrastructure, as well as promote transparency and reestablish the Libyan people’s faith in their financial system.

Prime Minister Debaiba confirmed that the unification of the CBL is critical for the country, adding that any observations on government performance in the current report would be taken into account.

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