Menfi discusses work of Supreme Committee for Financial Oversight with Bengdara

Alwasat Staff Tue 01 Aug 2023, 05:24 PM
alwasat radio

The head of Libya's Presidential Council, Mohamed Menfi, met on Tuesday in Tripoli, with the Vice Chairman of the Supreme Committee for Financial Oversight, Farhat Bengdara.

The Presidential Council's statement said that the meeting comes within the framework of consultation and the continuous organization of the work of the committee, without elaborating further details.

In July, Menfi formed the 17-member committee, which includes representatives of the interim Government of National Unity, the House of Representatives, the High Council of State, the General Command, the Central Bank of Libya in Tripoli and Benghazi, the Audit Bureau, the Administrative Control Authority and the National Oil Corporation.

Menfi's decision specified the committee's competencies in "approving the aspects of public spending in accordance with the principle of financial rationality and fair distribution, and following up on the state's public revenues to verify the safety and efficiency of their collection in accordance with the regulations in force."

Observers of Libyan affairs linked the formation of the supreme committee to the demands of international actors for enhancing transparency.

Related Topics