Libya: Open for business
After nearly a decade of civil war and conflict, Libya has managed to find its footing. Renewed potential and opportunities are emerging after the appointment of the interim Government of National Unity (GNU) headed by Prime Minister Abdul Hamid Dbeibeh. We dive deeper this week to assess local developments, the evolution of Libya’s conflict and impact on the oil industry and business environment, focusing on:
- The impact of the GNU breakthrough on the impasse amid competing domestic agendas which could derail the country’s reunification process.
- The intense international diplomacy over the last two months, which provides a sense of optimism.
- The unified interim state budget and the Central Bank of Libya’s (CBL) reforms, which are key to achieving comprehensive national reconciliation.
Florence Eid-Oakden, Ph.D, Chief Economist
Ghalia Al Bajali, Leila Lajevardi, Analysts
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
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