Libya's eastern-based government agrees to proposal to end fuel subsidies

Politics and Government Politics and Government

Thu, December 26, 2024

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Libya's eastern-based government agrees to proposal to end fuel subsidies

^{Published on 2024-12-25 16:40:47 - MSN}

Libya's eastern-based government said in a statement on Wednesday that it had agreed on a proposal to end fuel subsidies and would prepare a mechanism to implement the agreement. The administration headed by Osama Hamad,

The eastern-based government of Libya, led by Prime Minister Osama Hamad, has agreed to a proposal aimed at ending fuel subsidies, as reported by the Libyan News Agency (LANA). This decision comes in response to a call from the Tripoli-based Government of National Unity (GNU) to eliminate these subsidies, which have been a significant financial burden on the country. The move is part of broader economic reforms intended to stabilize Libya's economy, which has been strained by years of conflict and political division. The GNU's proposal seeks to redirect funds currently used for subsidies towards improving public services and infrastructure, although the implementation details and the reaction from the public and other political factions remain to be seen.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/libya-s-eastern-based-government-agrees-to-proposal-to-end-fuel-subsidies/ar-AA1wtPQe ]

N@N

Libya's eastern-based government agrees to proposal to end fuel subsidies