Jump to navigation

Libya

Corruption and power struggles plague recovery plan

Militia leaders and their political allies continue to siphon oil revenues, overriding timid reform attempts

Oil production, the lifeblood of Libya’s economy, is nearing 1.4 million barrels a day; a substantial hike but still 200,000 b/d below target. Political manoeuvring and rampant corruption in the industry are hindering a broader recovery, inflicting hardship on citizens across the country. Despite serial development plans and international trade agreements, the country’s political institutions remain fractured between the misnamed Government of National Unity (GNU) in Tripoli and the House of Representatives in Benghazi and closed to outsiders.

End of preview - This article contains approximately 962 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.