After weeks of tension, the two rival governments in Libya seemed willing to accept a UN-brokered agreement to resume operations at the Central Bank of Libya (CBL). The crisis stemmed from the GNA’s attempt to replace CBL Governor Sadiq al-Kabir, leading to the shutdown of much of the country’s oil production by the GNU in protest.
The CBL plays a crucial role in managing Libya’s finances, including funding imports of essential goods. The clashes highlight the deep-rooted power struggles in Libya since Gaddafi’s overthrow in 2011 and the international community’s efforts to support the ruling elites for stability.
The prospect of national elections remains distant as both governments prioritize their interests over the needs of the population. Services and infrastructure in Libya continue to deteriorate as elites profit from smuggling and corruption.
The international community’s failure to address the root causes of instability in Libya has led to a humanitarian crisis, with thousands of deaths on the Central Mediterranean migration route this year. As Libya descends into chaos and corruption, Western policymakers and Libyan elites engage in a cycle of greed and blindness to the plight of the Libyan people.
Overall, the situation in Libya remains precarious, with elites prioritizing their wealth and power while the population suffers. The international community’s focus on preventing conflict has only perpetuated the cycle of instability and human suffering in the country.
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