Libya - 04

Libya: Central Bank Urges Political Settlement

In the aftermath of the UN’s failure to broker an agreement on a unity government, the CBL in Tripoli issued a strongly worded statement this week outlining the financial and economic urgency for a deal. The central bank reported that Libya is exporting oil at “15% of its export capability” and predicted that prices “are expected to stay low for the next six years.” The CBL also cited the “widespread corruption in the country, which has made life even harder for citizens and contributed to the widening of the black market.”

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