Tag Archives | Libyan Economic and Social Development Fund (ESDF)

Case Study for Youth in Libya

By John Lee. UNFPA, jointly with UNESCO and UNRC, and in cooperation with relevant government authorities, including Ministry of Planning and National Economic and Social Development Board (NESDB), have developed a case study for youth in Libya, providing asituational analysis of youth in Libya that crystallizes the main challenges they face and highlights the fact […]

Benghazi Cement Plants to be Rehabilitated

By John Lee. The Libyan Cement Company (LCC) has said that damage to its two plants in Benghazi has been significant, but believes they can be brought back into production by summer 2018. The factories, in Hawari district, were caught up in the battles between the Libyan National Army (LNA) and militia groups in March […]

Libya Seeks Explanation for $1bn Derivatives Loss

Libya is demanding an explanation from France’s Societe Generale (SocGen) on how its sovereign wealth fund lost about $1 billion on derivative contracts. Mohsen Derregia, the outgoing chairman and chief executive officer of the Libyan Investment Authority (LIA), told Bloomberg: “We have been in contact a number of times but have not received a satisfactory […]