Economy / Libya
Libya
June 2009 | Ratings UpdateJune saw Libyan leader Muammar Qadhafi make a historic trip to Italy, Libya's former colonial ruler, for the first time since Qadhafi seized power in 1969. The three day trip was aimed at boosting bilateral relations between the two countries. In addition to the agreement signed last year, whereby Italy pledged to invest US$5bn in Libya over the next 25 years to compensate for the colonial era, Libya has signed agreements for stakes in key Italian utilities, while Rome has pledged to ease visa procedures for Libyan citizens and sponsor students to study in
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