Libya’s Prime Minister Abdul Hamid Dbeibah announced on Wednesday that the Government of National Unity is preparing to issue a decision in the coming two days to shut down a significant number of Libyan embassies abroad, as part of a broader plan to reduce external spending and create a surplus in foreign currency reserves.

Speaking in an official statement, Dbeibah said the government will also initiate a 20% reduction in embassy staff as a first phase of its diplomatic restructuring.

In a notable move, the Prime Minister revealed a decision to suspend all foreign scholarship programs, noting that nearly half a billion Libyan dinars are spent annually on overseas study missions. He confirmed that these funds will be redirected to support and develop the domestic education sector.

Dbeibah emphasized that the new policies aim to strengthen Libya’s internal front by cutting unnecessary expenses and reallocating resources to vital sectors—particularly education, healthcare, and infrastructure.