The African Development Bank released its 2025 Country Focus Report for Libya, outlining the reforms needed to mobilise capital, strengthen financial systems, and support economic diversification. The report said Libya’s economy contracted in 2024 but was expected to rebound as oil production improved. It highlighted major constraints, including reliance on oil, weak taxation, and limited private-sector growth. The Bank urged phased reforms to improve resource management, expand revenue sources, and build a more resilient and competitive economy.
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AfDB Details Libya Growth Steps
Business
10/12/2025
The African Development Bank released its 2025 Country Focus Report for Libya, outlining the reforms needed to mobilise capital, strengthen financial systems, and support economic diversification. The report said Libya’s economy contracted in 2024 but was expected to rebound as oil production improved. It highlighted major constraints, including reliance on oil, weak taxation, and limited private-sector growth. The Bank urged phased reforms to improve resource management, expand revenue sources, and build a more resilient and competitive economy.
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