Libyan governor warns of economic collapse

libya-flag

One of Libya’s central bank governors has warned that the civil war-torn country faces an “economic collapse” if it does not increase its oil production.

Governor Sadiq Al-Kabir said the country’s economy faced a “bullet in the head” from the collapse in its oil exports, media outlet Libya Observer reports. He told lawmakers in the capital city Tripoli that earnings from oil exports had collapsed from $53 billion in 2012 to almost nothing in 2020. 

Many countries reliant on oil exports have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: