Libyan Rival Factions Fail to Resolve Central Bank Crisis

The United Nations mission announced that talks between Libyan rival factions failed to secure a final agreement on resolving the central bank crisis. This ongoing issue has severely impacted oil production and exports, which are vital components of Libya's economy.

The United Nations mission reported on Thursday that negotiations between the competing Libyan factions did not culminate in a final resolution to the central bank crisis.

The inability to reach an agreement has dramatically slashed Libya's oil output and exports, vital elements for the nation's economic stability and growth.

The UN continues to mediate discussions, aiming to facilitate a resolution that will restore the country's economic health and operational capacity.

(With inputs from agencies.)