Important Notice Regarding the Transfer of the
2015 Quarter 1 Monthly Living Allowance Budget
for Libyan Students in North America

March 12th, 2015

Dear Libyan Students and Institutional Partners in North America,

CBIE is pleased to share encouraging news today from the Central Bank of Libya (CBL) confirming the transfer of the 2015 Quarter 1 Monthly Living Allowance (MLA) budget to all Libyan Embassies and Cultural Bureaus around the world.

According to the press release published today on the official website of the CBL, the Quarter 1 MLA budget transfer was completed and processed this morning.

Please be advised that the transfer is expected to take from between 4-7 business days to be received by the Embassies/Cultural Bureaus. Once the funds are received by the Embassies in North America, they will be immediately transferred directly to CBIE at which time we will process the 2015 Quarter 1 MLAs (January – March) for eligible students in the United States and Canada will commence.

We would like to take this opportunity to thank our partners in Libya, including the Ministry of Higher Education and Scientific Research, the Ministry of Finance, the Libyan Audit Bureau, the CBL, and the Libyan Embassies for their efforts in transferring of the Quarter 1 MLA budget during these challenging circumstances.

As usual, CBIE will keep you apprised of any new developments on the Quarter 1 MLA budget and the status of other pending budget transfers. Thus we kindly ask students to refrain from emailing their Academic Managers on issues related to budget transfers. Students who did not appear on the Quarter 1 list will be notified via a separate email next week.

Libyan-North American Scholarship Program