TRIPOLI: Libya's UN-backed unity government moved to cement control over the country's finances and institutions Wednesday after the rival administration in Tripoli ceded power in a boost to efforts to end years of chaos.

The concession late Tuesday by the militia-backed administration that had controlled Tripoli since 2014 was a major about-turn for a body that had made every effort to block the arrival of prime minister-designate Fayez al-Sarraj.

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