Libya's Path to Economic Capacity
The article addresses the challenges faced by the Libyan economy and emphasizes the need to develop effective institutional capacities to implement strategies for economic diversification, rather than relying solely on plans and resources. It points out that oil accounts for approximately 65% of the gross domestic product and 93% of exports; however, weak institutions hinder the transformation of these resources into sustainable productivity. The analysis connects institutional weakness, lack of data, overlapping authorities, and the necessity to transition from a rent-based state to one focused on real productivity. It stresses improving governance and setting clear priorities, defining responsibilities, and developing institutional leadership. The article calls for reviewing implementation methods, adopting tools for value chain assessment and analysis, undertaking comprehensive institutional reforms, and involving universities and think tanks. It concentrates on establishing an effective implementation system within the first 100 days, turning challenges into opportunities by building an adaptable administrative system capable of continuous analysis to ensure sustainable growth and stability.
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