Latest news with #Resolution2769
Libya Review
4 days ago
- Business
- Libya Review
GCC Ministers Reaffirm Support for Political Dialogue & Sovereignty in Libya
On Tuesday, the Foreign ministers of the Gulf Cooperation Council renewed their call for a political solution in Libya, urging all parties to commit to dialogue and national unity. The message was included in the final communiqué of the GCC's 164th ministerial session, held in Kuwait on Monday under the chairmanship of Kuwaiti Foreign Minister Abdullah Al-Yahya. The council expressed concern over the recent escalation of tensions in Tripoli, which began in mid-May, and emphasized the need to resolve internal disputes through peaceful, Libyan-led means. The statement called on all Libyan actors to act with reason and prioritize national interests over conflict, to safeguard the country's sovereignty and stability. The GCC reiterated its firm support for a political process rooted in Libyan ownership and in line with United Nations Security Council resolutions. It also called for the full withdrawal of foreign forces, mercenaries, and armed foreign groups from Libyan territory, describing this as essential to restoring sovereignty and ending external interference. In a show of backing for the UN's role in the country, the council welcomed the appointment of Hanna Serwaa Tetteh as the new Special Representative of the UN Secretary-General for Libya, as of January 24, 2025. Ministers also welcomed the recent adoption of UN Security Council Resolution 2769, which allows Libyan institutions to invest frozen financial reserves in time deposits with global financial institutions. The council voiced full support for the UN's efforts to organize simultaneous presidential and parliamentary elections, unify Libya's divided institutions, and help the country transition toward peace, security, and development. The ministerial meeting was attended by the foreign ministers of Saudi Arabia, Oman, Qatar, Bahrain, the UAE, and the GCC Secretary-General Jassim Al-Budaiwi. Tags: GCCGulf Cooperation CouncillibyaPolitical Dialogue
Libya Review
22-05-2025
- Business
- Libya Review
Libya Discusses Asset Reinvestment with US
A delegation from the Libyan Parliament's Committee for Verifying Libyan Funds Abroad has visited Washington, D.C., to hold discussions with senior U.S. officials regarding Libya's frozen assets. The visit, confirmed by House of Representatives spokesperson Abdullah Bliheg, aimed to address the status and future of Libya's frozen financial holdings in the United States. The meeting took place on the 15th of this month at the U.S. State Department headquarters. The Libyan delegation included the head of the committee, Yousef Al-Aqouri, and committee member Murad Mohamed Hmeima. They met with American officials responsible for Libyan affairs at both the U.S. State Department and the Department of the Treasury, led by David Linfield, the senior official overseeing Libya policy. Discussions focused on the status of Libya's frozen assets in the U.S., in light of the United Nations Security Council's recent Resolution 2769 (2025). This resolution provides a legal framework for the potential reinvestment of frozen Libyan assets under strict international standards and the oversight of reputable financial advisory firms. The American side reaffirmed Washington's commitment to adhering to the UN Security Council's resolutions and pledged to coordinate any actions with all member states. The U.S. also stressed that any steps involving Libya's frozen assets would be taken transparently and within the legal scope of international mandates. The talks mark a significant step in Libya's ongoing efforts to reclaim control over billions of dollars held abroad since the 2011 uprising. The Libyan Parliament sees this as a vital part of ensuring national financial sovereignty and promoting economic recovery. Tags: Department of StateFrozen AssetslibyaLibyan parliamentus
