Libya and Human Insecurity

Five years of turmoil has plagued Libya, post-Gadaffi.

The fall of the dictator unleashed the wrath of rival militias vying for power, tearing the country apart.

The priority for the average Libyan, however, remains taking care of basic needs – general health, food, shelter and energy. But meeting these priorities is becoming increasingly challenging, as movement restrictions, violence and foreign partners and global economics interplay.

Libya used to hold a middle-income status, with its main source of GDP generated from oil revenues and industries reliant on the oil industry, but its stock has fallen amid political instability and rising terrorism.

Disruption to oil production and export, and the decline in oil prices has harmed its economy and until a new constitution is signed any plans to diversify its non-oil economy is on hold. GDP is now half of what it used to be and the government budget, which ultimately provides infrastructure and support to its citizens, has been badly hit.

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: