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Libya Economy Ministry Boosts Food and Medicine Stock

Libya Economy Ministry Boosts Food and Medicine Stock

The Ministry of Economy and Trade in Libya, in coordination with the Central Bank of Libya, is working to strengthen the commercial and strategic stockpiles of essential goods, aiming to ensure their sustained flow and to enhance the resilience of the local market against potential disruptions in supply chains. Their efforts focus on maintaining adequate reserves of basic foodstuffs, grains, oils, medicines, and medical supplies, while closely monitoring market and stock levels, as data indicates that most categories are maintained at a balance rate of up to 100%. This strategy is part of a proactive plan to manage inventories in a way that stabilizes prices and improves citizens' quality of life by reducing reliance on emergency measures to meet market needs. These measures come amid a stockpile valued at approximately $6.98 billion, with a good balance across most categories of goods, thereby promoting food and pharmaceutical security and strengthening the country's supply chains.

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