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In spite of the crisis, Libya maintains one of the highest human development index (HDI) rankings among countries in Africa. [81] [82] The war has caused a significant loss of economic potential in Libya, estimated at 783.2 billion Libyan dinars from 2011 to 2021. [83] By 2022, the humanitarian situation had improved, though challenges remain. [84]
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Libya under Gaddafi exploited its vast oil reserves to fund the state and its welfare programs. However, the economy remained heavily dependent on oil, with little successful diversification. After his fall, the lack of a diversified economic foundation meant that Libya struggled with economic instability exacerbated by political chaos.
The sides agree a formal ceasefire and the U.N. convenes Libyan politicians and civil society in Tunis for a new peacemaking effort that aims at holding national elections the following year. 2021 ...
On 29 December 2011, Libya's National Oil Corporation (NOC) announced that the country's output of crude oil had risen to over 1 million barrels per day (bpd), compared to 1.6 million bpd before the uprising. [138] Libya's biggest oil terminal, Es Sider, resumed operations as of January 2012 [139] but may take more than a year to be fully ...
With no accountability in sight for dams' collapses and deadly floods in Libya, sorrow for the dead turns to rage over corruption and political chaos. Horrific dam collapses epitomize Libya's ...
Yahoo News asked Ricardo Pires, a spokesperson for UNICEF, the United Nations’ humanitarian aid agency three questions about what caused the situation in Libya and how such tragedies can be ...
Libya's GDP per capita , human development index, and literacy rate were better than in Egypt and Tunisia, whose Arab Spring revolutions preceded the outbreak of protests in Libya. [78] Libya's corruption perception index in 2010 was 2.2, ranking 146th out of 178 countries, worse than that of Egypt (ranked 98th) and Tunisia (ranked 59th). [79]