Tag Archives | World Bank

Oil Importers "Won’t Deal with Libya’s Militia"

A World Bank oil expert claims that Libyan militia will not be able to successfully control the country’s oil production. Mamdouh Salameh, told the Russian news agency RT: "The militia or the armed gangs want to control the assets of oil production so that they can finance their activities. They will not succeed and they […]

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 […]

World Bank Supports Libya

The World Bank Group is closely engaged with the new authorities in Libya to support the country's transition to a stable and prosperous future using the energy of its young people and its natural endowments to the benefit of its citizens. This was the message delivered by World Bank Middle East and North Africa Vice […]

Libya to Attend World Bank, IMF Meetings

Finance Minister Abdul Karim Al-Kilani [Al Kilani Abdel Karim El Jazi] met with US Chargé d’Affaires William Roebuck in Tripoli on Tuesday, ahead of the spring meetings of the World Bank and International Monetary Fund (IMF). The two focused on the financial and economic aspects of US-Libyan relations, and on the return of private US […]

$400m may be Allocated to Revolutionaries' Businesses

Libya Herald reports that the Warriors Affairs Commission is preparing to launch a potentially ground-breaking programme to kick-start Libya’s faltering private sector and reintegrate former revolutionaries into society. If the Zeidan Government gives the green light, LD 500 million ($400 million) will be set aside to assist 5,000 former fighters to establish their own small-to-medium […]

MIGA Insures Libyan Beverage and Harissa Plant

The Multilateral Investment Guarantee Agency (MIGA) has announced that it is supporting the ongoing operations and expansion of Jafara Group Limited, a company that produces, bottles, and distributes drinking water, juice, and harissa in Libya. The project was underwritten through MIGA's Small Investment Program, and is the first use of a World Bank Group lending […]

$5 billion injection to help cure local ills

With the dust still to settle after the chaos of the Arab Spring, many foreign investors are thinking twice about sinking their cash into the region.  The International Finance Corporation (IFC), the private investment arm of the World Bank Group, is seeking to help make up the shortfall, however. It aims over the next three […]