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Libya allocates 4.8 billion USD to tackle economic crisis

Xinhua, January 24, 2017 Adjust font size:

The Central Bank of Libya has allocated 4.8 billion U.S. dollars to face the current economic crisis in the country, said the government's spokesman on Monday.

Ashraf Al-Thulthi, spokesman of Libya's UN-backed government of national accord, held a press conference here, saying the government has made efforts to solve the electricity shortage in the country, revealing that the gas supply has been resumed to the power plants.

Libya is facing an economic and security crisis, amid political division with three rival governments. The country is also plagued with armed groups and militias.

Al-Thulthi said that foreign companies have not returned to Libya to resume the suspended power projects, which further deepened the crisis of electricity.

The spokesman called upon Libyans to reduce the consumption of power, which he said would help solve the electricity problem.

He also condemned the car bomb explosion that hit central Tripoli on Saturday, which killed two people. Endit