Tag Archives | World Bank

Libya Static in Doing Business Index

By John Lee. Libya has been ranked 186th out of 190 countries in the World Bank‘s recent Doing Business 2020 report, maintaining its position from the previous year. Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Iraq […]

Libya Targets Foreign Investors in “Vast” Reconstruction Drive

By John Lee. Libya is reportedly preparing to launch a comprehensive reconstruction program with the support of international organizations including the World Bank. Xinhua quotes Libyan Minister of Planning Taher Al-Juhaimi as saying that the Libyan government is reviewing its five-year development plan by redefining the priorities of some 4,000 projects worth around $100 billion. […]

Libya GDP Growth of 4% this yr, 6% next

By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of 4 percent this year in Libya, increasing to 6 percent next year: As the oil sector is the major source of growth, economic activities remain constrained by recurrent clashes around oil infrastructure aiming to control […]

World Bank’s new Strategy to support Libya

New Partnership with Libya Focused on Economic Recovery and Improving the Lives of Libyans The World Bank Group has announced a new strategy of support for Libya focused on restoring key services to citizens and promoting economic recovery as a critical contribution to the ongoing peace process. Developed in response to a request from the […]

Libya Falls in Ease of Doing Business Index

By John Lee. Libya has been ranked 186th out of 190 countries in the World Bank‘s recent Doing Business 2019 report, down from 185th place the previous year. Top of the list were New Zealand, Singapore and Denmark, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 128th, with Iraq 171st. Doing […]

The Challenge of Primary Health Care in Libya

By Ernest Massiah, Moustafa Abdalla, and Kent Garber. Is there a doctor in the house? The challenge of primary health care in Libya Seven years of ongoing conflict have left the Libyan health system near collapse. Nearly 80 percent of foreign health workers who formed the core of the pre-2011 system have left. Recruitment of new […]

Libya: 6.8% Growth Forecast

The World Bank has forecast GDP growth in Libya of 6.8 percent in 2019. In its latest Economic Outlook, it says: Given its high reliance on hydrocarbon activities, the performance of the Libyan economy remains strongly affected by security conditions, especially around the main oil fields and terminals. Improved political and security arrangements reached during […]