Libya Requests Assistance from EBRD

The President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti (pictured), has announced that Libya had requested technical assistance from the World Bank to support its economy.

Although Libya is not a member of the EBRD, it reportedly received an invitation from the Turkish Prime Minister Recep Tayyip Erdoğan on the sidelines of the annual World Bank meeting in Istanbul.

The EBRD was set up in 1991 to help former member states of the Soviet Union to embrace market economy.

(Sources: Reuters, PANA)

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