Private Banking Directory: African Development Bank


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African Development Bank

Libya joined the African Development Bank Group in 1972 and has since become one of its leading shareholders. On the political front, the country in 2008 began a process of renewal with a thorough overhaul and restructuring of the government system following the People’s Congress held in March 2008. Real GDP was expected to rise by more than 7 per cent in 2008 after reaching 6.8 per cent in 2007. However, Libya still faces challenges linked to the duality of its economy. While the hydrocarbon sector allows the country to accumulate large amounts of capital, there are inadequate linkages between the petroleum and non-petroleum sectors.

Africa

Libya

Tripoli

Address:

Tripoli, Libya

Web:

http://www.afdb.org/

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