Unemployment, subsidies, undiversified economy, stifled private sector – problems of Libyan economy: WB

Tripoli, 7 February 2014: “Libya’s labour market is skewed toward the public sector, which employs more than 80 percent of the formal workforce, while the private sector employs just 4 percent of Libyans”, the World Bank reported in its latest January MENA Quarterly Economic Brief. “Furthermore”, the report continued, “attractive wages and benefits offered by … Continue reading Unemployment, subsidies, undiversified economy, stifled private sector – problems of Libyan economy: WB