Jump to navigation

Vol 51 No 24

Published 3rd December 2010


Libya

Oil, money and infighting

As Tripoli hosted a summit for Africa and Europe, the Libyan leader berated his European counterparts for lack of attention to Africa, although his own commitment to his country's development is coming under scrutiny. The latest problem is the failure of a US$70 billion social and infrastructure investment programme financed by oil revenue. Many blame massive state corruption for the economic stagnation but the personal rivalries – especially between reformers and their opponents – are weighing down the state machinery.

End of preview - This article contains approximately 2032 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.