Columns Headlines Libya

Libya’s lost decade, between oil wealth and political ruin

More than ten years after Muammar Gaddafi’s assassination, Libya remains trapped in chaos, its promises of liberation eroded by division, corruption, and broken institutions. The 2020 ceasefire muted the sound of gunfire but did little to mend the nation’s political fractures. Ordinary Libyans endure hardship amid hunger, insecurity, and corruption, while the threat of renewed […]

Africa Emerging Markets Finance Headlines International

Africa faces looming ‘debt crisis’ and ‘lost decade’, warns World Bank

Developing countries are on a “path to debt crisis” and another “lost decade”, World Bank warns in its latest annual publication, unless African and other debtor governments, private and official creditors and multilateral financial institutions agree on a quick and coordinated action to secure more support from the creditors. The 50th edition of the ‘International […]