Last week, officials from the Central Bank, Audit Bureau, and rival eastern and western authorities met quietly in Tunis to finalise arrangements. The talks, described as discreet but significant, mark the most serious attempt yet to impose fiscal order on a fragmented system that has long fuelled economic decline.
For years, Libya has operated without a coherent budget, with parallel authorities spending arbitrarily and without coordination. This has resulted in a weakening economy, mounting inefficiencies, and a sharp depreciation of the dinar, which has fallen from from 6 to nearly 10 dinars per USD in recent months.
At the centre of this mediation is Senior Advisor to the U.S. President, Massad Boulos, who has been working across Libya’s energy, military, and economic tracks. Progress has already been visible elsewhere. In the energy sector, coordination between east and west has improved through the National Oil Corporation. On the security front, upcoming Flintlock exercises in Sirte—bringing together forces from both sides—signal tentative, if largely symbolic, alignment.
