Economic Track warns of growing public debt

Members of the Economic Pathway in the Structured Dialogue in Libya warned that the continued rise of public debt and the worsening of economic imbalances will only deepen the financial challenges. They emphasized that the absence of genuine reforms will put additional pressure on public finances, foreign exchange reserves, and the value of the Libyan dinar. They highlighted the importance of strengthening institutions, improving financial management, reducing dependence on oil, expanding the role of the private sector, and achieving balanced regional development, along with supporting decentralization, enhancing public services, and infrastructure. These recommendations form a non-legally binding reform framework based on evidence, and their successful implementation will require political consensus, institutional strengthening, and improved economic data sources.

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