Libya Dismisses Fears of Delayed Food Payments

Libya has dismissed fears that payments for food shipments might be delayed because of disorganisation in the country.

A recent report by Reuters did not cite concrete cases of default by Libyan importers, but rather unease that payment could be delayed by cumbersome bureaucracy.

Libyan officials have reportedly denied there are any problems for foreign companies in securing payment, but some recognised an issue with the perception of Libya following last year's revolution.

An unnamed marketing official at Matahan Tripoli told Tripoli Post:

"For the credit there is no problem, the commercial relationship is clear, it's more the confidence."

The official said some traders were calling for more money, adding that it will improve, and there will be better conditions.

(Source: Tripoli Post)


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