The future of the post-Gaddafi Libya is currently unfolding. Following the decision by the UN Security Council, the 15 member body voted unanimously (October 27) to put an end of the authorized military intervention in Libya bringing NATO’s mission in Libya to an end as well as lifting the current no-fly zone on October 31. This decision was voted despite the demand by the Libyan ambassador, Ibrahim Dabbashi, that the Council awaited for a demand by the Libyan transitional authorities.
During the meeting, the Security Council also underlined the request to "terminate the asset'' for the Libyan National Oil Corporation and Zueitina Oil Company, and to ''modify the asset freeze'' for the Central Bank of Libya, the Libyan Arab Foreign Bank, the Libyan Investment Authority and the Libyan Africa Investment Portfolio.
The future of the country according to UN Special Representative for Libya, Ian Martin, lies on the establishment of an electoral process and the need to ensure public security in the country. Martin declared that “With Sunday’s declaration of liberation, the clock has started running on commitments the National Transnational Council (NTC) has made in its constitutional declaration’’. The priorities for the ''re-construction'' of Libya also include the need for public financial managment and fiscal transparency.
Post-Gaddafi Libya, following the declaration of ‘’liberation’’, is taking its first steps towards building the foundation of a future democracy. The commitments demanded to the NTC include the establishment of an interim government within the next 30 days, the adoption electoral legislation and electoral body in the next 90 days and to hold national elections in 240 days.
During a briefing at the Security Council, the Secretary-General’s Special Representative stated, ‘’ it is critical not to attempt over-ambitious expectations or impose longer-term programs". In the context of its newfound liberation, the future of Libya must consider remaining regional tensions, the existing volatile security situation in the south of the country but also the future of the country economy, notably the oil industry.
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