Country Update

January 2010
Political Risk Yearbook: Libya Country Report;2010, pU-1
Country Report
The article presents updates on Libya as of September 1, 2009. The 40th anniversary of Colonel Muammar al-Qaddafi's rise to power after a coup was celebrated in September. In March 2009, the members of the Libyan Basic People's Congresses has decided to delay the restructuring scheme for the country's administrative apparatus and allocate oil revenues directly to households. Analysts expect a drop in exports due to lower oil production and lower average price for oil.


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