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Al-Mishri: “The Libyan Economy Is Not Characterized by Simple Corruption but by Large-Scale Theft” – Italy’s Nova Agency Reveals Many Details

During the 7th Annual Conference of the National Council on U.S.-Libya Relations in Washington, the Head of the High Council of State, Khaled Al-Mishri, emphasized the economic and security issues facing Libya.

Al-Mishri stated that the state of the economy is not marked by “simple corruption but by large-scale theft, due to embezzlement committed by politicians and public companies.”

He also added that “a culture of fear prevails in both the east and the west, and those who openly adopt positions that differ from their governments are punished.”

World Bank expert Elena Rabisson highlighted a series of “positive signals” within the Libyan economy, even though the situation “remains fragile.”

Al-Mishri stressed that Libya is a land of opportunities, resilience, and diversity, and holds a strategic position from a geopolitical perspective. He affirmed that its stability is crucial to avoiding external influences in the region. On the security level, he warned conference attendees about the dangers posed by uncontrolled migration flows.

He continued by saying, “This is a very serious problem and it is out of control in the south and east. If we are unable to protect the borders, there will be drastic changes in the demographic composition.”

According to Italy’s Nova Agency, Al-Kouni confirmed that the country needs help managing the illegal migration crisis coming from the African continent.

The Vice President called for organizing a conference to support Libya in managing its borders, which, according to him, can no longer be controlled by national forces alone for an extended period.

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