The governments of the UAE, the US, Egypt, France, Germany, Italy, Qatar, Saudi Arabia, Türkiye, and the UK welcomed the signing of a unified 2026 budget for Libya on 11 April. Moreover, they described it as the first national Libyan budget in more than a decade and a key step toward improving economic coordination between western and eastern Libyan leaders.
They said the agreement could support greater unity, stability and prosperity for Libya. Additionally, they praised the constructive approach taken to reach the deal.
Focus on financial stability and institutional strength
The statement noted that full implementation of the unified budget would strengthen Libya’s financial stability and help protect the value of the dinar and citizens’ purchasing power. Furthermore, it would enable development projects and support international investment across the country.
The governments also said the budget would reinforce Libya’s technocratic institutions, including the Central Bank of Libya, National Oil Corporation, and Libyan Audit Bureau. As a result, they expect improved oversight and stronger economic governance.
Energy output and political roadmap highlighted
The statement highlighted that the unified budget included the National Oil Corporation’s first operational budget in years. Moreover, it included financing to increase energy production, alongside oversight provisions aimed at ensuring effective use of funds.
They added that higher oil and gas output would support prosperity for Libyans and contribute to regional and global energy security.
The governments also reaffirmed support for the United Nations Support Mission in Libya and the roadmap developed by UN Special Representative Hanna Tetteh. Therefore, they urged all stakeholders to advance a Libyan-led political process leading to unified governance and national elections, while noting that economic integration would strengthen political progress.
