Political and institutional divisions in Libya have severely damaged the economy, as the Central Bank uncovered billions of dinars of unknown origin circulating in the country.

The U.S. is ramping up its political, economic, and security efforts in Libya, pushing a new approach focused on unity and energy, while seeking UN coordination amid rising global competition.

With measured and progressive steps, China is working to deepen its multi-dimensional cooperation in Libya, engaging both the internationally recognized government in the west and the eastern authorities aligned with coup leader Khalifa Haftar.

Whenever the security situation in the Libyan capital Tripoli calms for a while, it quickly slides back into tension and armed clashes, fueling concerns over the country’s fragile stability.

Mohamed Takala’s re-election as head of Libya’s High Council of State has deepened political divisions and legal disputes, highlighting the country’s ongoing institutional crisis.