The Governor of the Central Bank of Libya, Siddik Al-Kabir, said that the next stage will witness a more prominent role for private sectors and the strengthening of service activities in addition to boosting the wheel of economy and industry in the country.
During his participation in a workshop held in Tripoli on Libya's economic and financial reform program, Al-Kabir explained that the low participation of the private sector in economic activities has negatively affected the economic and financial process in Libya.
Al-Kabir warned that the economy in Libya is of a rentier nature that depends entirely on oil as a single income, and which is exposed to an external and internal pressure every now and then.
Economy
