Macroeconomic Forecast Libya

In late January Libya's National Transitional Council agreed to pay US$400mn of a total of US$1.4bn in repayments to Turkish contractors for work that was completed before the anti-Qadhafi uprising. This move is a positive first step in the government's efforts at rebuilding its reputation with foreign investors. Although Libya has a sufficient pile of financial assets to undertake reconstruction projects, the country will be in need of foreign technical expertise as it attempts to rebuild the economy following 2011's civil war.

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