Libya’s rival legislative bodies have approved a unified state budget for the first time in more than 13 years. The Central Bank of Libya (CBL) welcomed the move as “genuine progress” toward restoration of financial stability after years of division.

CBL governor Naji Issa oversaw the signing of the US-brokered deal between the Tripoli-based High State Council (HSC) and the Benghazi-based House of Representatives (HoR) on 11 April. (CONTINUED - 1414 WORDS)