IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL5.15▲ 0.49% USD/MXN17.13▲ 1.04% USD/CLP959.00▲ 1.75% USD/COP3,099▲ 0.63% USD/PEN3.36▲ 0.11% USD/ARS1,508▼ 0.08% USD/UYU40.20▼ 0.15% USD/PYG5,985▲ 1.38% USD/BOB11.45▼ 4.42% USD/DOP58.80▼ 0.09% USD/CRC444.07▼ 0.78% USD/GTQ7.62▼ 0.07% USD/HNL26.85— 0.00% USD/NIO36.62— 0.00% USD/VES840.10▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▼ 0.08% EUR/BRL5.94▼ 0.11% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Monday, September 14, 2026

Africa Africa & the Great Powers

Libya and Washington Talk Elections, Budget and Oil

By · September 14, 2026 · 4 min read

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LIBYA · DIPLOMACY

Key Facts

  • The problem Libya has had two rival governments since 2014 and no national election since 2014.
  • What happened The Tripoli prime minister met the senior American diplomat for Libya on Sunday 13 September.
  • What they discussed An election framework, a single national spending plan, and keeping the oil flowing.
  • Why now Eastern and western negotiators signed an accord on 30 August covering elections within 24 months.
  • The oil Libya’s only real revenue. The National Oil Corporation kept pumping through the war and still does.
  • What is not settled Everything else. No election date exists and the two governments remain separate.

Libya has spent a decade holding meetings about elections. The difference this time is that the two halves of the country signed something first, and Washington is now inside the room.

Tripoli, Libya
Libya and Washington Talk Elections, Budget and Oil
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Libya’s Tripoli government met the senior United States diplomat for the country on Sunday. The agenda was the three things that have to move together: a vote, a budget and the oil.

Who Met

Abdul Hamid Dbeibah, prime minister of the Government of National Unity, received Jeremy Berndt in Tripoli on Sunday 13 September.

Berndt holds two roles. He is United States chargé d’affaires to Libya, and since July also senior policy adviser for Libya policy at the State Department.

The Libyan readout covers three files. The political track, a unified spending agreement, and support for the oil sector.

Berndt met the chairman of the National Oil Corporation, Masoud Suleiman, on the same day.

The Accord That Made the Meeting Worth Holding

On 30 August, a body known as the 4+4 Committee signed an accord at United Nations headquarters in Tripoli.

It has four representatives from eastern Libya and four from the west. That is what makes it different from most Libyan negotiating formats.

The accord reshapes the High National Elections Commission under a new chairman, Dhou Al-Hamali, with Sana Al-Lishani as deputy.

It separates presidential and legislative results, and it commits to elections within 24 months.

A separate body, the older 6+6 committee from the 2023 Bouznika process, was revived under an Ankara agreement on 11 September. The two are different mechanisms.

Why Money Is Part of the Conversation

Libya has one national institution that never split: the central bank holds the oil revenue, and the National Oil Corporation earns it.

Two governments spending from one pot is the mechanism through which the division has been financed for a decade.

The unified spending agreement, brokered with American involvement, is an attempt to impose one budget on both.

It covers fiscal discipline, transparency and equitable distribution. Those three words describe exactly what has been absent.

Tripoli, Libya
The accord commits to elections within 24 months, without setting a date.

The Oil Nobody Wants to Interrupt

Libya holds Africa’s largest proven oil reserves. Production has recovered to well over a million barrels a day despite everything.

The National Oil Corporation has functioned through blockades, rival boards and armed standoffs at the terminals.

Berndt’s meeting with Suleiman covered budget implementation under the spending agreement, and the position of American companies.

Both halves of the political class have an interest in the oil continuing to flow. It is the one thing they agree on.

The central bank in Tripoli
The central bank holds the oil revenue both governments spend from.

What This Does Not Solve

No election date exists. A commitment to elections within 24 months is not a schedule.

The eastern government under Osama Hammad continues to operate separately, with its own institutions and its own policies.

In June it barred nationals of Sudan, Eritrea, Ethiopia and Somalia from territory under its control. Diplomats and some contracted workers were exempt.

That decision was taken without reference to Tripoli, which is the shape of the problem in miniature.

For foreign companies and residents, the practical test is whether one budget actually funds one set of institutions. Until then Libya remains two countries sharing an oil account.

Frequently Asked Questions

Who met in Tripoli?

Prime Minister Abdul Hamid Dbeibah and Jeremy Berndt, the US chargé d’affaires and senior policy adviser for Libya, on 13 September 2026.

What did they discuss?

The electoral process, a unified national spending agreement and stability in the oil sector.

What is the 4+4 Committee?

A body with four representatives each from eastern and western Libya. It signed an accord on 30 August 2026.

When will Libya hold elections?

No date exists. The accord commits to elections within 24 months.

Why does the budget matter?

Libya has two governments spending from one oil revenue pot. A unified spending agreement would change that.

Is Libya still divided?

Yes. The eastern government under Osama Hammad operates its own institutions and sets its own policies.

Sources: Libya Observer, Al-Saa24, North Africa Post, UNSMIL, National Oil Corporation.


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