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Ansmil warns of fiscal risks as Libya signs Annex 1 to unified spending framework
Summary
An Ansmil representative said Libya’s economy is deteriorating, warned that oil revenues are being diverted into a distorted political economy, and welcomed April 11 signing of Annex 1 to a unified development program for a 2026 spending framework while stressing that its impact depends on political commitment and oversight.
An Ansmil representative told the Security Council that Libya’s economic indicators are worsening and that opaque public spending and diversion of oil revenues are weakening state capacity.
"Libya's economic situation is deteriorating sharply," the representative said, citing currency pressures, rising prices, fuel shortages,…
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