VOL. XXXV

NO. 47

24-AUGUST-1992

Financial and Banking News

BUDGETS AND REVENUES

Libya Details Losses Resulting from Sanctions

The international embargo against Libya cost the country $4.62bn in the period from 15 April (when sanctions began) until the end of July, according to a report submitted to the United Nations by Libya's Foreign Minister, Mr. Ibrahim al-Bashari. The agriculture and livestock industries have been particularly hard hit because the air embargo prevents the import of fertilizers...