TRIPOLI – Libya’s three highest governing bodies signed a landmark principles document on Tuesday, June 16, 2026, agreeing on a clear roadmap to end the country’s transitional phase and hold national elections no later than February 17, 2027.

The agreement was reached on Tuesday, June 16, 2026, during a joint meeting held via Zoom between Aguila Saleh, Speaker of the House of Representatives , the Eastern Region’s legislative body, Mohamed Takala, Head of the High Council of State, the Western Region’s consultative assembly, and Dr. Mohamed Al-Menfi, Chairman of the Presidential Council, the country’s collective head of state.

The three Libyan councils said the roadmap was driven by concerns over national security, financial stability, territorial integrity, and control over natural resources, while warning of foreign interference and changing regional and international conditions.

The agreement is based on Libya’s existing legal framework, including the Constitutional Declaration, the 2015 Political Agreement, and previous understandings reached during the Cairo tripartite meeting under the Arab League.

The roadmap’s main focus is holding simultaneous presidential and parliamentary elections by February 17, 2027, under the supervision of a high-level committee including representatives from financial, electoral, military, and security institutions.

The electoral laws will be completed by the 6+6 Committee and submitted to the House of Representatives for approval. The agreement also includes a future constitutional amendment requiring the elected president to launch a national dialogue process aimed at completing a permanent constitution and ending Libya’s prolonged transitional period.

The agreement adopts the 2020 Bouznika Agreement as the framework for appointing and reunifying Libya’s key sovereign positions. It also adds the National Oil Corporation and Libyan Foreign Investments to the list of protected sovereign institutions, ensuring their unity, independence, and neutrality.

The economic reforms focus on protecting Libya’s national wealth and financial sovereignty by rejecting foreign interests in state assets, preventing the release of frozen funds until an elected president takes office, and opposing policies that could harm the economy or national interests.

The roadmap also introduces stronger oversight of the oil, gas, water, and minerals sectors, confirms the National Oil Corporation’s role in managing resource marketing, and maintains the Central Bank of Libya’s authority over revenues. A joint committee will prepare a unified 2027 budget to address Libya’s long-running financial divisions.

The agreement comes at a moment of renewed international engagement with Libya. Massad Boulos, adviser to U.S. President Donald Trump on Middle East and African affairs, recently told the Financial Times that Washington is actively working to broker a power-sharing arrangement between Libya’s rival eastern and western governments. Boulos also confirmed that major American oil companies, including ConocoPhillips and Chevron, have already signed agreements with Libya in 2026, and expressed confidence that Libya’s oil production could double to three million barrels per day by the end of the decade.

This principles document represents the most serious and substantive political convergence Libya has witnessed in years. For the first time, the country’s three rival governing bodies have aligned, on paper , around a single timeline, a shared legal framework, and a set of binding economic commitments. Whether this agreement translates into action will depend on the political will of all parties in the months ahead. But as a statement of intent, it marks a turning point that Libya, and the region, cannot afford to ignore.