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Is Libya Ready for the Private Sector?

15 February, 2009 01:52:00 The North Africa Journal
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image Trucks entering Libya from Tunisia Loaded with Goods

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.

Comments (2 posted):

Colin Kilkelly on 10 March, 2009 01:50:28
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The private sector in Libya under thecurrent regime doesn't stand a chance.
Saber Alwahsh on 28 September, 2009 11:39:14
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I think we still need a several years to be ready. Any way, that depends on our economic resformation.

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