In April 2026, Libya's rival governments reached their first unified budget since 2013 with U.S. support and conducted joint military exercises, signaling cooperation. However, endemic corruption, armed militias, and foreign interference continue undermining reunification efforts and economic recovery prospects.
Libya approves its first unified budget in over a decade, showing rare cooperation.
Libya's central bank governor met with major US firms in Washington to discuss attracting American investment, emphasizing monetary reforms, economic stability, and removing barriers to facilitate business opportunities in energy, technology, and infrastructure sectors.
Libya's rival parliaments agreed on a national budget totaling 29.9 billion dollars for the first time in over a decade, signaling potential economic stability amid ongoing political division.