Is Libya Ready for the Private Sector?

Now that Libya reconciled with the West and has become the subject of praises from the likes of the IMF and the World Bank, the country will have to face a new set of realities that could either lead to sustained economic growth or deepen its dependency on foreign suppliers.

Today, it is clear that creating a national market and a domestic private industry is critical to creating a balanced economy. History shows that looking for foreign investors only is not the right approach, at least not if a domestic private initiative does not take shape. Continue here.