IMF

France denounces ‘hostile initiative’ by Algerian parliament

France’s foreign ministry has denounced Algeria’s new law branding French colonization a “state crime” as a “manifestly hostile initiative”, warning it undermines efforts to rebuild dialogue and approach sensitive memory issues calmly. The vote in Algiers was celebrated by lawmakers standing, draped in national colors and chanting “Vive l’Algérie!” It comes amid worsening bilateral ties […]

Libya’s Parliament, Central Bank discuss economic reforms amid cash crisis

Libya’s Speaker of Parliament Aguila Saleh met with Central Bank Governor Najee Issa and his deputy Marai al-Barassi in Benghazi on Wednesday, August 20, to discuss planned economic reforms and monetary policy. The talks, attended by Deputy Speakers Fawzi al-Nuwairi and Misbah Douma, centered on tackling the country’s ongoing liquidity crisis and advancing electronic payment […]

UK Foreign Affairs Committee brands Libyan Central Bank Governor financier of militias, gangsters

The UK Foreign Affairs Committee has labelled Saddek Elkaber, the Governor of the Central Bank of Libya (CBL) “well-known financier of militias and gangsters” who runs a “troubled organization.” The committee’s bashing of the Libyan official comes after a meeting between Elkaber and Governor of Bank of England Andrew Bailey in July, Libya Update reports. […]