Libya is still spending beyond its means and its foreign currency reserve is shrinking constantly.
The dire economic situation and the explosion of the black market is feeding criminality and violence. It must be addressed if Libya is to pull itself out of its downward spiral.
Fifth: National reconciliation is vital for establishing a durable peace in Libya.
In this regard, I welcome the steps by the Presidency Council toward establishing a national reconciliation commission and beginning official consultations.
In any reconciliation effort, the role of youth and women will be crucial. I am awed by the energy and optimism of Libyan youth. During the youth conference convened by UNSMIL in May, numerous initiatives were proposed and linkages formed. These efforts must and will be supported.
Sixth: Many Libyans call for stronger involvement of the international community.
I would like to recognize the contributions made by the neighbouring states. As elsewhere, it is the neighbours, which first feel the consequences, and it is they, who are part of the solution.
On 8 May I attended the 11th Neighbouring States meeting in Algiers and am encouraged by the efforts of this forum to find a common position and solution.
Yesterday, the meeting in Algiers between the three states, Egypt, Algeria and Tunisia concluded with a declaration and also expressed support to UN efforts and the coherence of the international community.
With regards to politics, both the regional and international community must come together to support the Libyan peace process. Not interfering, but in the spirit of partnership, respect the sovereignty of Libyan and international law.
The second meeting of the Quartet in Brussels on 23 May is an increasingly important forum to harmonize the positions of regional and international organizations, the African Union, the Europeans Union, the League of Arab States and the United Nations.
The AU also sent two delegations to Libya including its High Representative and a ministerial delegation of the AU High Committee on Libya.
This collaborative approach where all initiatives work in a complementary manner to advance the UN-facilitated political process is very much needed.
Uncoordinated or parallel efforts risk undermining progress and complicating an already complex situation.