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The World Bank in Libya

The World Bank Group continues to have a very strong partnership with other donor agencies to help gathering relevant Libyan stakeholders to discuss change and reform and seeking some sort of consensus on how should we reengage and support the restoration of key institutions.

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Meeting Growing Demand

During the most recent financial year, the World Bank responded with US$5.47 billion in new commitments to help the MENA region.

PRESS RELEASE

New Partnership with Libya

New strategy of support for Libya focused on restoring key services and promoting economic recovery

Libya’s Economic Outlook

April 2017

Hit by the ongoing conflict, the Libyan economy continued to suffer from recession in 2016.

Tripoli, Libya - Gimas / Shutterstock.com

Libya At-A-Glance

The cost of the political conflict has taken a severe toll on the Libyan economy, which has remained in recession for the third consecutive year in 2015. Political strife, weak security conditions, and blockaded oil infrastructures continue to constrain the supply side of the economy. Production of crude oil fell to around 0.4 million barrels per day (bpd) or the fourth of potential. The non-hydrocarb...

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Libya’s Economic Outlook

Hit by the ongoing conflict, the Libyan economy continued to suffer from recession in 2016. It is estimated that GDP lost half of its pre-revolution level. Budget revenues and exports proceeds reached the lowest amounts on record because of low oil production and prices.

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