{"id":255404,"date":"2025-11-04T16:40:34","date_gmt":"2025-11-04T14:40:34","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=255404"},"modified":"2025-11-04T16:40:34","modified_gmt":"2025-11-04T14:40:34","slug":"wali-will-banking-financial-and-economic-stability-return-to-the-libyan-market","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/wali-will-banking-financial-and-economic-stability-return-to-the-libyan-market\/","title":{"rendered":"Wali: “Will Banking, Financial, and Economic Stability Return to the Libyan Market?”"},"content":{"rendered":"\n

Written by Economic Expert Ibrahim Wali<\/em>:<\/p>\n\n\n\n

The success of any nation in achieving progress and prosperity must rest on two main pillars:
The first is the presence of an active, efficient, and transparent government supported by clear, decisive, and flexible legislation, as well as a favorable economic environment and infrastructure. The second is an energetic private sector capable of responding efficiently to local, regional, and global developments.<\/p>\n\n\n\n

Today, Libya\u2019s public and private banking sectors stand at a critical crossroads. They are called upon to continue implementing banking, financial, and economic reforms similar to those adopted by many Arab and international economies. These reforms aim to liberalize economic activity, restore internal and external balance, attract foreign investment, strengthen the private sector\u2019s developmental role, and promote privatization and structured mergers.<\/p>\n\n\n\n

Such internal reforms are essential \u2014 especially if peace and reconciliation are achieved, and Libya becomes unified under one army, one government, and a national parliament working for the country\u2019s interest. In this case, national stability would reduce geopolitical risks and attract large inflows of Arab and foreign investments \u2014 crucial for the ongoing development and reform efforts across Libya.<\/p>\n\n\n\n

Even if peace and unity are not yet achieved due to internal or external obstacles, continuing these reforms will help Libya avoid economic and investment marginalization amid the rapid globalization of financial and economic systems worldwide.<\/p>\n\n\n\n

The Central Bank of Libya, along with public and private commercial banks, must prepare for all scenarios \u2014 whether peace is achieved or not \u2014 by building institutional capacity, sufficient capital, advanced technology, skilled human resources, and efficient national management. Such readiness is vital to manage potential foreign investment flows into Libya\u2019s economy once stability is restored.<\/p>\n\n\n\n

Legislative and executive institutions must also continue advancing financial, economic, and commercial reforms, while the Central Bank and other financial institutions strengthen their internal structures to better manage and channel international financial flows into the national economy.<\/p>\n\n\n\n

Wali concludes that stability is the fertile ground for banking and financial reform and for attracting investment<\/strong>. Yet, in Libya\u2019s current environment of conflict, corruption, smuggling, and speculation, developing these sectors remains difficult.<\/p>\n\n\n\n

In summary, he argues that true progress requires removing those who oppose stability and national unity<\/strong>, individuals who exploit the state for personal gain while contributing nothing to its growth. \u201cThey ask what the country has given them,\u201d Wali writes, \u201cbut never what they have given the country. A nation gives in proportion to what it receives \u2014 its prosperity rests on citizens\u2019 loyalty, integrity, and dedication. We must stand firm on national principles to expel corruption and end this suffocating cycle that has burdened us for over a decade.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Written by Economic Expert Ibrahim Wali: The success of any nation in achieving progress and prosperity must rest on two main pillars:The first is the presence of an active, efficient, and transparent government supported by clear, decisive, and flexible legislation, as well as a favorable economic environment and infrastructure. The second is an energetic private […]<\/p>\n","protected":false},"author":13,"featured_media":255405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[683],"tags":[636,613,1031],"class_list":["post-255404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-articles","tag-economy","tag-libya","tag-libyan-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=255404"}],"version-history":[{"count":1,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255404\/revisions"}],"predecessor-version":[{"id":255406,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255404\/revisions\/255406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/255405"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=255404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=255404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=255404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}