Joint statement on Libya unified budget agreement

International support for Libya’s unified budget

The United Arab Emirates, along with the United States, Egypt, France, Germany, Italy, Qatar, Saudi Arabia, Türkiye, and the United Kingdom, welcomed the signing of Libya’s unified 2026 budget on 11 April. They described it as the first national budget in over a decade and a key step toward improving economic coordination between eastern and western Libyan authorities, noting its potential to enhance unity, stability, and prosperity.

Economic stability and institutional strengthening

The statement said full implementation of the budget would support Libya’s financial stability, strengthen the value of the dinar and citizens’ purchasing power, and enable development projects and foreign investment. It also highlighted the role of key institutions such as the Central Bank of Libya, the National Oil Corporation, and the Libyan Audit Bureau.

Energy production and oversight mechanisms

The budget includes the National Oil Corporation’s first operational allocation in years, along with funding to increase oil and gas production. It also introduces oversight measures to ensure effective use of resources, with increased energy output expected to boost prosperity and contribute to regional and global energy security.

Support for UN-led political process

The signatories reaffirmed their backing for the United Nations Support Mission in Libya (United Nations Support Mission in Libya) and its political roadmap. They urged stakeholders to advance a Libyan-led process toward unified governance and national elections, stressing that economic integration will reinforce political progress and long-term stability.