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Home Africa

Libya to Invest $104 Million to Boost Development in Western Region

January 10, 2024
Libya to Invest $104 Million to Boost Development in Western Region
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The Libyan House of Representatives, led by Speaker Aguila Saleh, unanimously agreed to allocate 500 million Libyan dinars ($104.21 million) for the reconstruction of cities in the Western region affected by recent conflicts.

This substantial investment, to be managed and overseen by the Reconstruction and Stability Committee, represents a significant effort in reviving these cities and promoting development efforts in the region.

These decisions taken in today’s official session of the Libyan House of Representatives are pivotal steps in the country’s path towards re-establishing stability and fostering development.

The session saw unanimous approval of a law addressing the issue of sorcery and witchcraft, a move reflecting the council’s commitment to combating negative societal phenomena in Libya.

The House also voted to amend Law No. 06 of 2015 concerning general amnesty, marking a critical step in fostering national reconciliation and unity among Libyans.

This legislative action is seen as a foundational move towards healing and rebuilding the nation’s social fabric.

In a related context, the House approved a request to invite the Governor of the Central Bank of Libya to brief the council on the monetary policies adopted to tackle the current economic challenges.

This initiative underscores the government’s proactive approach to addressing economic issues and ensuring financial stability.

The enactment of the law against sorcery and witchcraft, the amendment of the general amnesty law, and the financial commitment to rebuilding war-torn cities are seen as crucial elements in rebuilding Libya’s societal and economic landscape.

The effectiveness of these resolutions and their impact on achieving the desired objectives remain to be seen as the nation anticipates the implementation of these important decisions.

Tags: Libya
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