“Is there a political future for Libya?” This is what the panel is about. The panel will discuss the contemporary political situation in Libya, the challenges, and opportunities for a better future for Libya. The Arab spring gave a hope to Arab youth for a prosperous, democratic and resilient future of their countries based on equality, es, freedom and a dignified life.
Brief of the situation
Eight years after Gadafi’s regime revolt, Libya yet remains a battleground for many political factions and militias with ambiguous future. Since the Libyan revolution in February 2011, the economic, political and security levels keep deteriorating. –and the whole Libyan nation is divided under control of one UN-backed government in the west and another one under Khalifa Haftar’s one in the East. Both governments claiming legitimacy to control and govern the country.
Haftar’s forces announced recently its offensive to “purge the south of terrorists and criminal groups”. South of Libya is also under a struggle between Libya’s minority, Tubu community and Arab tribes, particularly over control of lucrative cross-border smuggling routes.
The economic situation is gloomy as well. According to the World Bank records, inflation rates are at an all-time high resulting in a loss of confidence of the banking system as a result a liquidity crisis which increased the poverty levels and exacerbated the socio-economic exclusion. “Since 2017, inflation accelerated, exacerbating further hardship of the population. Prices of all commodities continued to increase, mainly driven by acute shortages in the supply chains of basic commodities, speculation in the expanding black markets, and the strong devaluation of the Libyan dinar (LYD) in the parallel markets. Consequently, inflation hit a record level of 28.4% in 2017 following the 25.9% in 2016”.
Areas of discussion
Saturday April 6th, 2019
11:00 am – 12:40 PM
Harvard Yard – Emerson Hall – 105
|Co-chair: Mohamed Abu Asaker||Co-chair: Zeid El-Basyouni|