TRIPOLI, May 28 (Xinhua) -- Libya's Tripoli-based Higher Council of State on Sunday agreed to give the central bank's governor a last chance to carry out immediate economic reform to reestablish growth in the conflict-stricken country.
Ali Sweih, a member of the state council, said that during Sunday's meeting, council members discussed the country's economic situation and the necessity to implement reforms to revive the flagging economy.
He said the central bank's leader Al-Seddiq Al-Kabir failed to make any reform plan amid currency devaluation and a liquidity shortage in commercial banks.
It is a final opportunity for him, or he will be removed from the post, Sweih said.
The economic situation in the North African country remains chaotic after the 2011 uprising that toppled former leader Muammar Gaddafi.
According to a World Bank economic outlook released in April, the country's growth is expected to rebound in 2018. However, hit by conflicts and insecurity, the politically divided nation still needs a long time to restore growth foundations.
The oil producer has two governments, a UN-backed one in Tripoli and an eastern-based administration allied to the House of Representatives.
