including by introducing well-calibrated and orderly wage and energy subsidy reforms and mobilising nonhydrocarbon revenues," the IMF said. Libya’s economy is heavily dependent on oil and gas.

Naji Issa, along with Minister of Transport and Financial Advisor to the Prime Minister, Mohamed Al-Shahoubi, discussed ...

and poor governance are major impediments to growth in Libya. Banks continue to lack a well-defined framework for extending credit since the issuance of the law banning interest. The authorities ...

Libya's prolonged political transition ... UNSMIL is also consulting economic experts on reforms to strengthen financial sustainability and transparency. At the same time, efforts to enhance ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

the dominance of public employment and poor governance were major impediments to the growth of the private sector in Libya. An economic reform plan that focused on private sector development ...

Libya's National Transitional Council (NTC) has taken steps to promote a peaceful political transition, normalize economic conditions, and set out a national reform agenda. In the short term, the ...

The Libyan economy contracted by 2.9 percent in 2024. The resolution of the Central Bank of Libya (CBL) crisis in October 2024 led ... joint leverage in policy dialogue and reform advocacy with ...

The lengthy conflict is taking a heavy toll on the Libyan economy and the well-being of the population. Obstructed by the conflict, production of oil, the main source of income in Libya, has been ...

The International Convention on the Elimination of All Forms of Racial Discrimination (ICERD), ratified by Libya in 1969 The International Covenant on Economic, Social and Cultural Rights ...

The competition for Libya’s oil wealth lies at the heart ... UNSMIL is also consulting economic experts on reforms to strengthen financial sustainability and transparency. At the same time ...