1 Day
Source:
عين ليبيا
Expert critiques energy sector system
The challenges faced by Libya are not related to a lack of patriotism among its citizens, but rather to the urgent need to rebuild an economic and administrative system suffering from structural problems in the sectors of oil, electricity, and fuel, which account for approximately 70% of the gross domestic product. Economic expert Hosni Bay explained that the absence of modern management tools—such as clear capital, accurate financial statements, and performance measurements—hinders the attraction of international funding and investment. He also emphasized the importance of fundamental reform in institutional management, enhancing transparency and governance to ensure improved performance, attract investments, and promote a sustainable Libyan economy.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)