The Head of the Presidential Council, Mohammed Menfi, has constituted a specialised advisory Committee to assess Libya’s worsening economic landscape and recommend corrective measures. The newly formed body, chaired by Hossam Al-Shahibi and comprising seven economic and financial experts, has been mandated to deliver a comprehensive technical report evaluating the country’s macroeconomic performance and institutional […]
The new Libyan Prime Minister Fathi Bashagha banned on Tuesday implementation of any decrees or instructions issued by the outgoing Government of National Unity (GNU), led by Abdul Hamid Dbeibeh, Libya Update reports. The former interior minister addressed a letter to the heads of institutions, departments, bodies, agencies, public companies, state-owned commercial companies, and mayors […]
South Africa’s economic growth will accelerate to 1.3 percent in 2019 from an estimated 0.9 pct in 2018, the World Bank said on Tuesday citing the implementation of structural reforms announced last year. The World Bank projects South Africa’s economic growth at 1.7% in 2020, and 1.8% in 2021. Economic growth would be supported by […]
