Joint Statement on Libya Unified Budget Agreement
Summary
The United States and nine allied nations issued a joint statement welcoming Libya's signing of a unified 2026 budget on April 11, representing the first Libyan national budget in over a decade. The statement applauds economic coordination between western and eastern Libyan leaders and expresses support for implementation of development projects, Central Bank of Libya oversight, and increased energy production through the National Oil Corporation's first operational budget in years. The governments reaffirm support for UNSMIL and the political roadmap developed by UN Special Representative Hanna Tetteh.
What changed
The joint statement announces multilateral diplomatic support for Libya's unified 2026 budget agreement signed on April 11, 2026. The statement welcomes this economic milestone as a critical step toward financial stability, dinar preservation, and increased energy production, with oversight provisions for funds through the Libyan Audit Bureau.
For compliance and legal professionals, this statement has no direct regulatory implications. It reflects diplomatic coordination among ten governments supporting Libya's economic stabilization. Companies with interests in Libyan energy, development projects, or investment opportunities may find this signal of increased economic integration and institutional cooperation relevant to risk assessments and market entry considerations. The explicit mention of international investment support and National Oil Corporation financing could inform commercial planning in Libya's energy sector.
Archived snapshot
Apr 19, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Home Office of the Spokesperson Press Releases Joint Statement on Libya Unified Budget Agreement
Joint Statement on Libya Unified Budget Agreement
Media Note
April 18, 2026
The text of the following statement was released by the Governments of the United States of America, Egypt, France, Germany, Italy, Qatar, Saudi Arabia, Türkiye, the United Arab Emirates, and the United Kingdom.
Begin Text
Egypt, France, Germany, Italy, Qatar, Saudi Arabia, Türkiye, the United Arab Emirates, the United Kingdom, and the United States of America welcome the signing on April 11 of a unified 2026 budget for Libya, the first Libyan national budget in over a decade and a critical step to increase economic coordination between western and eastern Libyan leaders. We applaud their constructive approach to reach this agreement, which has the potential to foster increased unity, stability, and prosperity for Libya.
Full implementation of the unified budget will help advance Libya’s financial stability, defend the value of the dinar and the Libyan people’s purchasing power, enable the implementation of development projects and international investment across Libya, and strengthen Libya’s vital technocratic institutions, including the Central Bank of Libya, National Oil Corporation, and Libyan Audit Bureau. The unified budget includes the National Oil Corporation’s first operational budget in years and financing to increase energy production, as well as oversight provisions to ensure these funds are used effectively. Increased oil and gas production will drive greater prosperity for the Libyan people and their international partners and contribute to regional and global energy security.
We reaffirm our support for the United Nations Support Mission in Libya (UNSMIL) and the roadmap developed by UN Special Representative of the Secretary-General Hanna Tetteh and urge all stakeholders to use this roadmap and UNSMIL facilitation to advance a Libyan-led political process leading to unified governance and national elections. Increased economic integration will complement and strengthen the political process. A strong and prosperous Libya with unified economic, military, and political institutions is in all of our interests.
End Text
Tags
Bureau of Economic, Energy, and Business Affairs Bureau of European and Eurasian Affairs Bureau of International Organizations Bureau of Near Eastern Affairs Economic Growth and Prosperity Egypt France Germany Italy Libya Office of the Spokesperson Qatar Saudi Arabia Turkey United Arab Emirates United Kingdom United Nations (UN) United States
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