Williams warns about the declining socioeconomic conditions in Libya

“I have previously warned you about the declining socioeconomic conditions in the country and the fact that we expect in one month time, exactly in January 2021, there will be 1.3 million Libyans in need of humanitarian assistance.” The acting UN envoy to Libya Stephanie Williams said Wednesday.

Williams pointed out that one billion US dollars is needed immediately to be invested in the electrical infrastructure in order to avert a complete collapse of the electrical grid in Libya. 

“The best way to address your governance crisis is to unify your institutions, to unify your Central Bank which needs to have a board meeting to address the exchange rate crisis immediately.” She said.

She also highlighted that  there is a sharp decline in the purchasing power of the Libyan Dinar. The liquidity crisis has fully returned. There is a shortage of cash in circulation.

According to her, there is also a terrible electricity crisis . “I don’t need to remind you of how terrible the electricity shortages were last summer. Because of the terrible corruption and the mis-governance, all over the country,” she pointed out.