TUNIS, Tunisia, September 11, 2013 – In its economic report titled: “From Resource-rich State to a Productive Economy: Development Planning in Post-Civil War Libya”, the African Development Bank (AfDB) Group analyzes the change that needs to occur in Libya as it is about to engage in a process of long-term economic planning in the wake of the civil war.
This change consists in transitioning from an economy based mainly on oil revenues in a system with virtually no national institutions to guide development towards a new state in which economic institutions are more inclusive and integrated.