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The government is drifting and so is business, which is deterring investment

Although the Libyan economy is returning to life – with the oil sector in the lead – planning is not. Despite the pressing need to rebuild, little is going on. The International Monetary Fund says gross domestic product grew by 122% in 2012 after dropping 60% in 2011 but nearly all that is because oil exports have resumed. Other sectors and all-important public expenditure are in the doldrums.

(This article contains approximately 744 words)

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Moammar el Gadaffi, Russian, Gadaffi’s shadow, Mohamed Abdel Aziz, Turkey, Qatar, China, France, Germany, Italian, Abdel Bari el Arusi, Guido de Sanctis, British, Africa Confidential, Ente Nazionale Idrocarburi

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