Gentiloni hails resumption of domestic Libyan funding

'First step forward in stabilising economy' says foreign min

(ANSAmed) - Rome, November 2 - Italian Foreign Minister Paolo Gentiloni has expressed satisfaction after representatives of Libya's interim government of national accord and the central bank reached an agreement to resume domestic funding in order to meet basic urgent needs. Under the agreement reached at a meeting in London on Monday, the Libyan central bank will make the equivalent of nearly seven billion euros available to Presidency Council Chairman Faiez Serraj to deliver essential services to the population.
    The accord is "a first step forward in stabilising the economy and realising priority programmes for the country, including the provision of essential services and security," Gentiloni said in a statement. During the meeting Libyan government and bank representatives also defined a link mechanism between the two institutions to make the application of economic policy measures swifter and more effective. To this end, the presidency council has pledged to nominate a deputy economy and finance minister.
    The representatives will meet again in Rome on November 17 to examine the technical details of the agreement.