Foreign ministers of Germany, Italy, France, and the United States reiterated Wednesday that stabilizing Libya requires holding elections on time, the withdrawal of mercenaries from the country, and the extension of the UN mission's mandate.

The statement was released by German Foreign Minister Heiko Maas, following a ministerial meeting attended by foreign ministers of the four countries at the German mission to the United Nations in New York on the sidelines of the General Assembly meetings.

According to Maas, all agreed that three main issues are necessary to bring stability and peace to Libya.

"First is the necessity to hold parliamentary and presidential elections on their pre-scheduled date on December 24, secondly, is the withdrawal of foreign forces and mercenaries from Libya, thirdly, is the rapid extension of the UN Support Mission in Libya," Maas said.

He noted with satisfaction the results achieved by the Libyan peace process so far, top of which is the unifying of the government, the ceasefire, ending the oil blockade, and reopening the coastal road, though he did confirm that the achievements have proven "fragile, after yesterday's disturbing events"- in reference to the Parliament's no-confidence vote for the unity government.

On Wednesday, the Head of the Presidential Council (PC), Muhammad Menfi, opened the meeting of the Libyan Peace Initiative at the headquarters of the German mission to the UN in New York.

The meeting grouped the US Secretary of State, Anthony Blinken, Germany's Heiko Maas, Italy's Luigi Di Maio, and France's Jean-Yves Le Drian, in addition to other foreign ministers of concerned countries, according to the PC head media office.