The World Bank in Libya

The World Bank is committed to supporting Libya with technical assistance and analytical services, as well as trust fund and grant financing, but the resumption of armed hostilities has placed its program to Libya on hold.

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October 2019

Libya's Economic Update

The war around Tripoli that erupted in April 2019 has reversed the momentum of the relative economic recovery over 2017-18.

PRESS RELEASE

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 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...

Overview

Data

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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