Libya's Rising Prices and Financial Policies
The article addresses the economic crisis in Libya, focusing on the deteriorating conditions of fuel, electricity, flour, and liquidity. It emphasizes that mismanagement of the economic file and the failure to effectively respond to international and regional developments—such as the Russian-Ukrainian war and conflicts in the Middle East—are the main reasons behind the ongoing crises. Poor management has led to fuel shortages, power outages, and rising prices for commodities like bread and water, in addition to problems in the flour market. The liquidity issues have also highlighted the limited benefit from electronic services, while the roles of banks and the Central Bank in supporting economic activity remain weak. Experts clarified that the solution lies in an integrated crisis management approach through the three tools of economic policy—fiscal, monetary, and trade policies—and coordinating efforts with security and military agencies to contain the worsening situation.
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