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Libya - PCR - Strengthening the Dialogue with the Libyan Authorities
In 2011, the change in the political regime offered Libya an opportunity to embark on a program of economic and social reforms. However, since the summer of 2014, Libya went through an unprecedented period of political unrest and security issues. As a result, the country has suffered many structural problems including a lack of institutions and weak governance. Within the two periods, the Bank considered the transition as the appropriate timing for a fundamental change of collaboration between Libya and theBank.
In this context, the project under consideration was approved in June 24th, 2013 under the TFT as a grant and has aimed to enhance the dialogue with the Libyan authorities, explore potential areas for re-engagement and collaboration, and improve the Bank’s visibility in the country.