Financial and Banking News


Jallud Says Libya Is suffering from Severe Budget Deficits

Libya's second in command Major 'Abd al-Salam Jallud, has confirmed that the country's development budget is virtually frozen, with the exception of expenditure on some major projects such as the Great Man-Made River Project, the iron and steel complex, and a few others. In an address last month to the General People's Congress Secretariat on the state of the economy,...