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    Saddek Omar El Kaber, governor of the Central Bank of Libya, talks about navigating through turmoil, and the need for strong stable institutions.

    Global Finance: Libya is once again in a state of war, with fragmented state institutions.

    How does the Central Bank navigate this situation?

    Saddek Omar El Kaber: Political divisions in Libya and the escalation of the military conflict since April have led to increased instability, frequent closures of oil fields and ports, irregular access to basic services such as electricity and water, a liquidity crisis, and the expansion of the parallel payment market.

    In light of these challenging developments, the Central Bank of Libya (CBL) has had to intensify its efforts to support the Libyan economy while maintaining neutrality and independence.

    We have prioritized the uninterrupted delivery of basic services to Libyans across the country, protection of state reserves and support of key state institutions. We have also had to ensure