The UN envoy to Libya, Ghassan Salame, is going to change his Action Plan priorities and shelve the democratic option of elections for the time being, Reuters revealed on Wednesday.

"The UN and western countries will be focusing on reconciliation among rival factions locked in a cycle of conflict," diplomats and other sources told Reuters.

The sources added that instead of pushing for a vote as a short-term goal, Salame will focus in a briefing to the UN Security Council on Thursday on staging a national conference next year and fixing the economy.

"Salame will also push again for economic reforms to end a system benefiting armed groups that have access to cheap dollars due to their power over banks." Diplomats indicated.

"Diplomats say delayed reforms introduced in Tripoli in September, including a fee on purchases of foreign currency, can only partially ease Libya’s economic woes as long as the central bank remains divided and predatory factions retain their positions." Reuters reported.

The sources indicated that Salame - in a bid to tackle for militias, would outline a new security arrangement for Tripoli aimed at depriving them of control of key sites and integrating their members into regular forces.

The sources added that this new plan will also be presented by Salame at the Palermo Conference on November 12-13.

Meanwhile, Salame as well as international stakeholders will be attending with Libyan parties Palermo Conference in Italy to broker a solution to the political stalemate.