Business World Africa

Libya Signs Unified State Budget

The oil-producing North African nation has been split since a 2014 civil war, with rival governments in the east and west.

The central bank described the rare deal as proof that Libya is 'capable of overcoming its differences' through negotiation.

The unified budget is expected to facilitate infrastructure projects and improve public services that have been neglected for years.

International partners have welcomed the move as a potential precursor to nationwide elections.

Libya Sanadalahlafi, CC BY-SA 4.0
Libya
Sovereign state in North Africa