UN Holds Talks in Tripoli to Resolve Libya’s Central Bank Crisis

The United Nations said it held talks between Libya’s rival governments on Monday in an attempt to resolve a crisis at the country’s central bank that has triggered a blockade of oil production and exports from the OPEC nation.

Libya’s eastern and western administrations have been locked in a standoff over the leadership of the bank, the custodian of billions of dollars of energy revenue. Eastern authorities ordered a freeze of the nation’s oil after the Tripoli-based internationally recognized government in the west replaced the bank’s Governor Sadiq Al-Kabir over a week ago.