Lana News
Libyan News Agency
Latest News
LANA Al-Sour discusses with the Tripoli Appeal Prosecution the role of the prosecution authority during the course of the criminal case.
LANA Al-Baour discusses with the Ethiopian Ambassador to Libya ways to enhance bilateral cooperation between the two countries
LANA Khan before the Security Council: We have collected more than (1300) pieces of evidence about crimes in Libya
LANA Karim Khan briefs the Security Council from Tripoli
LANA Dabaiba confirms his support for the efforts of the National Oil Corporation and Bengdara
LANA Al-Sour discusses with Karim Khan developments in the investigations conducted by the International Criminal Court.
LANA Al-Manfi: The success of the municipal elections is an important step in the democratic process and strengthening stability.
LANA Libyan-Turkish talks to activate a MoU in the area of law enforcement and training.
LANA Sunni: The municipal elections that took place yesterday, Saturday, are evidence that the people are ready for the electoral process and want it.
LANA Conclusion of the National Reconciliation Forum in Benghazi.

World Bank reaffirms support for Libya and warns of weak economic growth.

Pulbished on:

Washington, 28 April, 2022 (Lana) - Libyan Economic Monitor Report of the World Bank warned that Libya is facing enormous economic challenges, in light of continued disintegration of state institutions and social challenges, with the tense political situation.

 In the report, the World Bank noted Libya's need for urgent investments in infrastructure, and social assistance for vulnerable groups, including a more effective and regular pandemic vaccination campaign.

 Jesco Henschel, the Regional Director of the World Bank for the Maghreb and Malta, said that Libya desperately needs unified institutions, good management, strong political will, and long-awaited reforms, noting that the performance of the local economy in 2020 was the worst in recent years.

 In light of the problems in the oil sector, and Covid pandemic, the report warned that growth in non-oil sectors remained weak, hampered by the ongoing conflict and poor services.

The World Bank affirmed its commitment to support Libya through technical assistance and analytical services, in addition to financing trust funds and grants.

=Lana=