Tag Archives | World Bank

Libya Falls in Logistics Performance Index

By John Lee. Libya has been ranked 137th out of 160 countries in the World Bank's Logistics Performance Index (LPI), an fall of 19 places since the previous report in 2014. The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics […]

World Bank Expects Strong Libyan Recovery

The World Bank expects the Libyan economy to recover rapidly in 2016, growing by 35.7 percent, according its flagship "Global Economic Prospects" report released on Wednesday. This follows an estimated fall of 5.2 percent last year, and of nearly 50% over the past three years. Growth rates of 27.6 percent and 8.4 percent are predicted […]

Libya Again Ranks Second Last ...

By John Lee. Libya has again been ranked in second-last place out of 189 countries in the World Bank‘s recent Doing Business 2016 report. Top of the list were Singapore, New Zealand and Denmark, with last place going to Eritrea, just behind Libya and South Sudan. The pace of business regulatory reforms picked up during […]

Forum on Libya's Post-Conflict Recovery

Libyan Experts Forum Devises Ways to Contribute to Country’s Post-conflict Recovery A meeting of Libyan academics, prominent experts and business leaders convened in Tunis 11-12 October 2015 with a view to addressing the country’s socio-economic problems and exploring ways to contribute to post-conflict recovery under a future unity government. The Libya Experts Development Cooperation Forum […]

Strabag makes Claim against Libya

Austrian construction company Strabag has made a claim against the Government of Libya with the International Centre for Settlement of Investment Disputes (ICSID) in Washington DC. No details of the case are currently available, but it appears to relate to payments for infrastructure projects carried out by the company. Strabag will be represented by the […]

NOC "Opens Books" to Oil Firms

Reuters reports that the National Oil Corporation (NOC) has opened its books to international oil firms to reassure them that payments for exported oil were not being used to fuel hostilities between rival factions. Among the companies that the NOC met last month were ConocoPhillips, Occidental Petroleum, Total, OMV, Eni and Statoil. The Tripoli-based company […]

European Union Hosts Libyan businessmen

On 9 March, the European Union hosted in Brussels a meeting of Libyan businessmen from all across the country. This event was a Libyan initiative supported by the United Nations Support Mission in Libya (UNSMIL), the European Union and the World Bank. Participants discussed a variety of issues of relevance for the economic recovery and […]

World Bank Warns on Libya Finances

A report published on Thursday by the World Bank focuses on the implications of low oil prices for eight developing countries -- Egypt, Tunisia, Lebanon, Jordan, Iran, Iraq, Yemen and Libya -- and the economies of the GCC (Gulf Cooperation Council). The Plunging Oil Prices report raises serious concerns about Libya's ability to fund its […]