The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, held discussions on four major files with the World Bank Group Executive Director, Naveed Baloch, last week.
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Libya’s public debt has reached high levels, which amounted to 70.4 percent of GDP in 2022, also equivalent to 126 percent of government revenue, according to the World Bank’s economic update in April.
The economic situation in Libya could become better than the current one in the medium or short term, but there are risks deriving from the presence of two governments and fears of new tensions that increase the level of “mistrust”, the World Bank said.
The Minister of Finance of the Government of National Unity, Khaled Al-Mabrouk, has discussed with the Vice President of the…
Libya is projected to record a GDP growth rate of 78.2% in 2021 if the presidential and parliamentary elections and the reunification of public institutions proceed, and oil production persists, the World Bank said.
Prime Minister of the Libyan Government of National Unity (GNU), Abdel Hamid Dbeibeh, discussed on Monday with a delegation from the World Bank an assessment of cooperation between Libyan institutions and the World Bank.