10 Hrs
Source:
الشرق الأوسط
Source: الشرق الأوسط
10 Hrsالشرق الأوسط
Source: الشرق الأوسط
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Libyan House of Representatives Speaker Salehin Abdul Nabi called at a consultative meeting in Benghazi on Wednesday for a comprehensive national plan for economic and financial reform, and for teams of experts to be formed to develop actionable measures with clear responsibilities and timelines. The proposals include rationalizing spending, diversifying sources of income and reducing reliance on oil, regulating imports and prioritizing essential goods and production inputs, supporting domestic factories, reorganizing fuel subsidies, addressing distortions in the foreign-exchange market, and improving transparency. The calls come amid pressure on the dinar, rising prices and declining purchasing power. Implementing the reforms, however, depends on agreement over the management of revenues and spending, and on curbing duplicated expenditure.
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