Panel Discussion: Reforming Libya's Financial Sector

To mark the launch of its latest 'Transitions Forum' paper on "Libya in Transition: Reforming the financial sector to spur economic growth", the Legatum Institute, in partnership with Brehon Advisory, hosted a livestreamed panel discussion on 'Reforming Libya's Financial Sector, and the Politics That Go With It'.

Panellists included Mark Dempsey (Director, Brehon Advisory and author of the paper), Dr Fatima Hamroush (Ophthalmologist, Former Minister of Health, Libyan Transitional Government) and Mary Fitzgerald (Foreign Affairs Correspondent, Irish Times).

The discussion was moderated by LI Director of Global Transitions, Anne Applebaum:

One Response to Panel Discussion: Reforming Libya's Financial Sector

  1. Philip Hodkinson 3rd December 2013 at 3:41 pm #

    Having watched several symposiums, discussion groups, on and around this subject and visiting Libya last year and again earlier this year, I observe the following.
    There are not enough people at strategic level, to take the recommendations of these disparate but like minded groups to the next stage.
    My discussions with people at that level showed that many are new to the situation they find themselves in and admit they are out of their depth.
    Those with some experience seem more concerned with the political repercussions of taking action, whilst ignoring the outcomes if they don't take action, which are already becoming apparent.
    It is a difficult situation. What they desperately need is outside help and guidance, but this has to be requested from within if it is to work effectively.
    Given that assistance,the emergence of a strong and vibrant private sector will guarantee Libya's future as a growing world economy.
    Government needs to assist in ways that become cohesive to the state.
    Things like developing youth national vocational training programmes, to produce not only executives and engineers but world class technicians for their fledgling industries.
    The time for talk is over. Action is needed very soon to meet the divisive actions of groups seeking to change things to suit their many agendas.

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