Libya's Future at Risk During Transition
The article highlights the importance of a clear electoral path in Libya for achieving economic stability, noting that political progress can enhance confidence and encourage investment. However, it emphasizes that such progress alone is not sufficient without deep institutional reforms. Experts confirm that reforms in institutional infrastructure—such as the judiciary, banks, and tax systems—are essential to attract investment, especially amid ongoing political divisions that increase pressure on public spending and exchange rates, leading to rising inflation and diminished purchasing power. The article also stresses that converting trust into actual investment requires clear and unified financial management rules, with monetary stability and narrowing the exchange rate gap playing a key role in reducing speculation on the dinar. Ultimately, it clarifies that a prolonged transitional phase hampers reconstruction efforts and raises the cost of uncertainty. The piece concludes with a call to establish a unified fiscal and monetary framework after the elections to ensure the sustainability of economic reforms and to build an economy capable of attracting investment and maintaining stability.
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