Latest news with #ReconstructionFund
Libya Review
14-07-2025
- Business
- Libya Review
Libyan Parliament Speaker Praises Government's Reconstruction Efforts
Libyan Parliament Speaker Ageela Saleh has praised the government's achievements in national reconstruction during a meeting held on Sunday with Prime Minister Osama Hammad and the Director General of the Reconstruction and Development Fund, Engineer Belgassem Haftar. The meeting, held in Al-Qubah, focused on reviewing the progress of various development projects managed by the Fund. Saleh was briefed on completed works and future plans aimed at sustainable development across Libyan cities, based on a clear and transparent strategy to meet the aspirations of citizens. Prime Minister Hammad and Director Haftar reiterated the government's commitment to its comprehensive development vision. They confirmed that the coming phase would witness the launch of more vital projects designed to create job opportunities and enhance the quality of life throughout the country. They also highlighted the tangible achievements in infrastructure, public services, and reconstruction, describing them as a reflection of the strong coordination and cooperation among state institutions. Saleh commended the Libyan government and the Reconstruction Fund for their unprecedented efforts in rebuilding the nation. He stressed that these accomplishments have led to significant improvements in urban development and job creation across many Libyan regions. He specifically cited the city of Derna as a prime example of the government's swift and effective reconstruction efforts, noting that the transformation from destruction to modern infrastructure has amazed international observers. Saleh reaffirmed the Parliament's support for all initiatives that contribute to national development and stability, applauding the unified efforts of Libyan institutions working toward a better future for the country. Tags: Belgassem HaftarlibyaParliament SpeakerPrime MinisterReconstruction
Libya Review
06-07-2025
- Business
- Libya Review
Belgassem Haftar Meets Greek FM to Discuss Investment & Infrastructure Cooperation
On Sunday, the Director General of Libya's Reconstruction and Development Fund, Belgassem Khalifa Haftar, welcomed Greek Foreign Minister Georgios Gerapetritis in Benghazi for high-level talks focused on expanding cooperation in reconstruction, investment, and economic development. Also present at the meeting were Greece's Ambassador to Libya, Nikolaos Garilidis, Greek Consul General in Benghazi, Agapios Kalognomis, and other senior Greek diplomats. The discussions centered on ways to strengthen collaboration between Libya's Reconstruction and Development Fund and Greek companies and institutions, particularly in infrastructure development and investment projects that would benefit both nations. Both sides emphasized their commitment to developing joint projects aimed at advancing shared strategic interests and promoting long-term regional stability. During the meeting, the Greek Foreign Minister praised the significant progress achieved by Libya's Reconstruction Fund, noting the visible improvements in infrastructure projects already underway. He expressed Greece's strong interest in participating in Libya's reconstruction process, offering Greek companies and expertise to support future projects. The two sides also discussed establishing long-term development partnerships, including Greek involvement in infrastructure, construction, and economic development initiatives across Libya. Both parties described the meeting as a practical step toward building a sustainable economic partnership rooted in mutual interests and regional peace. The visit underscored the growing diplomatic and economic ties between Libya and Greece, with both sides highlighting the importance of closer cooperation to advance development and stability. Belgassem Haftar stressed Libya's readiness to welcome foreign partners who can contribute to the country's reconstruction, adding that the Reconstruction Fund remains committed to driving national recovery efforts and attracting global investment. Tags: Belgassem HaftarDevelopmentForeign MinisterGreeceInfrastructurelibya
Libya Review
06-07-2025
- Business
- Libya Review
Haftar Meets Greek FM in Benghazi
Greek Foreign Minister Giorgos Gerapetritis met with Field Marshal Khalifa Haftar in Benghazi on Sunday, as part of Athens' efforts to expand diplomatic ties in Libya and confront irregular migration. The one-hour meeting focused on growing migrant flows to Crete and maritime jurisdiction issues in the Eastern Mediterranean. The visit highlights Greece's strategic push to engage both eastern and western Libyan factions, aiming to secure influence as the country seeks post-conflict recovery. Gerapetritis underlined the shared geography and historical bonds between Greece and Libya, calling for a stable and prosperous Mediterranean. Speaking after the meeting, Gerapetritis said he exchanged views with Haftar on managing migration, defining maritime boundaries, and enhancing bilateral cooperation. He reiterated Greece's commitment to a 'steady and constructive relationship' with Libya. Later in the day, Gerapetritis met Belgassem Haftar, head of Libya's Reconstruction Fund, who extended an invitation to Greek companies to participate in rebuilding key infrastructure. The move signals an economic opening for Greek firms in energy, construction, and logistics. Although the Greek diplomat was scheduled to visit Tripoli—home to Libya's internationally recognised government—logistical issues led to a postponement until 15 July. His trip underscores Athens' aim to maintain a presence on both sides of Libya's political divide. Greece's outreach comes as Turkey continues to consolidate influence in Libya by engaging both rival factions. Ankara has supported political reconciliation and secured strategic agreements, including maritime and energy cooperation. To counterbalance Turkey's growing presence, Greece is leveraging its membership in the European Union and its role at the UN Security Council. The Greek-Libyan engagement reflects a broader geopolitical contest in the Eastern Mediterranean, where energy resources, migration, and regional alignment remain central concerns. Tags: benghaziGreeceGreek FMkhalifa haftarlibya
Libya Observer
25-06-2025
- Business
- Libya Observer
Saleh defends 69 billion dinar budget for Belqasim Haftar's Fund
House of Representatives Speaker, Aguila Saleh, has said that the decision to allocate a budget for the so-called Development and Reconstruction Fund, headed by Belqasim Haftar, for the next three years is a well-considered decision aimed at ensuring the continuity of projects and the fulfilment of obligations without financial obstacles. He warned against attempts to disrupt the fund's work. In his speech in Derna, Saleh attacked the Government of National Unity, saying it had "not completed any valuable projects," contrasting the fund's achievements on the ground with what he described as the government's spending on "non-existent projects," according to his assessment. Saleh's statement comes amid intense disagreement and popular rejection of the budget's approval. On June 2, the House of Representatives discussed a proposed budget allocation for the "Reconstruction Fund," headed by Belqasim Haftar, amounting to 69 billion dinars over three years, at a rate of 23 billion dinars annually. The session witnessed a verbal altercation before concluding with an agreement to form a committee to monitor this budget. On June 3, the official website of the House of Representatives announced the approval of a budget of 69 billion Libyan dinars for the Reconstruction Fund during an unannounced session. However, 113 members of parliament refused to pass the budget, refusing to recognize the approval session, which was attended by only 25 members. They described it as illegal, as it did not achieve the quorum necessary for the session to convene and make crucial decisions. In this context, Presidential Council Head Mohamed Menfi addressed an official letter to the Speaker of the House of Representatives, stressing the need to adhere to the constitutional and legal process for approving the state's general budget. He warned of the serious repercussions of any unilateral measures that could lead the country into a severe economic crisis. Prime Minister Dbeibah had previously announced, during a meeting with several members of the High Council of State, his categorical rejection of "any parallel spending paths outside the legal framework," warning that such practices "create huge financial burdens on the state and cause deterioration in the value of the Libyan dinar." A Central Bank of Libya official previously warned of a stifling economic crisis if the House of Representatives fails to grasp the seriousness of its decisions to control public spending and respond to the bank's "call for help" to save the national economy and the value of the currency.
Libya Observer
19-06-2025
- Business
- Libya Observer
Aqilah Saleh discusses controversial 69 billion budget with Belqasim Haftar
The Speaker of the House of Representatives (HoR), Aqilah Saleh, has met with Belqasim Haftar, son of Khalifa Haftar and director of the Reconstruction Fund, to discuss the proposed budget for the fund and the development plan for 2025, 2026, and 2027, incorporating feedback from the parliamentary committee. The committee, established by the HoR, had met with Belqasim Haftar on Monday to review the budget and development plan. They agreed to document observations from MPs across various electoral districts and stressed the importance of fair distribution of development throughout Libya. Earlier, on June 2, the HoR debated a proposed 69 billion Libyan dinar budget for the Reconstruction Fund, chaired by Belqasim Haftar, covering three years with 23 billion dinars allocated annually. The session included heated exchanges but ended with an agreement to form a committee to monitor the budget. Tags: Aqilah Saleh Belgasem Haftar Libya Development and Reconstruction Fund
