Across the world's largest cities, WRI estimates the longest heatwave each year could last 16.3 days on average under a 1.5°C scenario, but 24.5 days at 3°C
world9 hours ago
Libya's central bank announced on Sunday that its two rival branches in the west and east are reuniting after nearly a decade apart.
The North African country is currently split between Abdelhamid Dbeibah's UN-backed government in the west and another in the east backed by military strongman Khalifa Haftar.
Libya has seen 12 years of stop-start conflict since the 2011 NATO-backed revolt that toppled strongman Moamer Gadhafi.
On Sunday, the Central Bank of Libya (CBL) said it has "again become a unified sovereign institution", in a statement issued by the governor and his deputy.
The bank had been split since 2014, between the internationally recognised headquarters in Tripoli and another in Bayda in the Haftar-controlled east.
Al Seddik Al Kebir, governor of the Tripoli-based bank, and Marii Moftah Rahil, governor of the rival branch in the east, made the announcement after a meeting attended by consultants and directors of both branches.
The statement said they would "continue efforts to overcome the consequences of the division".
A process to reunify the central bank began in December 2021 after the split caused by power struggles between rival camps, as was also the case with other state institutions.
Rahil became deputy governor as part of the reunification process, and was in Tripoli on Sunday on his first visit to the capital since being appointed head of the Bayda branch by the eastern government's parliament in November 2022.
ALSO READ:
The Tripoli-based CBL oversees the substantial oil revenues of Libya, which boasts the most abundant oil reserves in Africa.
The financial institution is responsible for determining the distribution of funds among state and government entities.
The United Nations said in July 2022 it had finalised the process for launching an independent international audit of the two branches, seen as a major step towards reunification.
"This is an important step towards improving the performance of this sovereign institution," Dbeibah posted on Facebook on Sunday, reaffirming his government's commitment to "strengthening transparency and information procedures".
The existence of two competing branches has hampered the implementation of a single monetary policy, and the Libyan dinar has fallen sharply since the 2011 uprising.
Across the world's largest cities, WRI estimates the longest heatwave each year could last 16.3 days on average under a 1.5°C scenario, but 24.5 days at 3°C
world9 hours ago
The move aims at taming record immigration levels that pushed country's population past 41 million earlier this year
world10 hours ago
Wickremesinghe, Premadasa, and Dissanayake are the main contenders for the post
world10 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world1 day ago
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
world1 day ago
Over a week ago, India had reported its first case in a man who had arrived from western Africa in Delhi
world1 day ago
Government faces challenge of accelerating IMF reforms
world1 day ago
Thailand reported three more deaths on Wednesday, taking the toll in the kingdom to 18, with a total of 537 fatalities now confirmed across the region
world1 day ago