Global Data: Libya at Forefront of Investment Repelling Countries in 2022

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Investment Repelling Countries in 2022
Investment Repelling Countries in 2022

A statistical report prepared by the British data and analytics company Global Data revealed that Libya is at the forefront of countries repelling investments during 2022.

The report ranked Libya alongside Syria and Yemen as being high risk for investors during the last quarter of this year. The report pointed to the fact that the country was subject to social unrest, food insecurity, high debts, and inflation.

The report quoted the company’s economic research analyst, Pooja Tiwari, as saying: “The humanitarian crisis, along with the escalating poverty in the Middle East and Africa, affects Libya.”

On Tuesday, Tripoli hosted a high-level ceremony marking the launch of the United Nations Sustainable Development Cooperation Framework 2023-2025.

The ceremony was attended by the Prime Minister of the Government of National Unity (GNU), Abdel-Hamid Dbaiba, and the Head of the United Nations Support Mission in Libya (UNSMIL), Abdoulaye Bathily.

Assistant Secretary-General, Resident, and Humanitarian Coordinator for Libya Georgette Gagnon, the Ambassadors of Britain, Spain, the European Union, Germany, and representatives of the International Organization for Migration (IOM), the UN Development Program (UNDP), and UNICEF also attended the event.

Dbaiba expressed his support for “any international and local cooperation in the country, within a clear framework and objectives.” He stressed the need to “set the priorities and needs of the various Libyan institutions, and to organize the partnership and support file with the UN, according to specific timetables.”

Minister of Planning, Mohamed Al-Zaidani emphasised the importance of the event, which was organized in cooperation between agencies working with the United Nations, its organizations, and the Libyan government, in accordance with a tripartite plan.

Bathily expressed his appreciation for the “systematic cooperation between the United Nations and the Libyan government, within the sustainable development goals.”

During the event, Gagnon also gave a detailed presentation on the draft plan, and a review of its priorities.