Libya in 2014???
Although some wonder if there will continue to be a whole Libya throughout 2014, I have no doubts. I’d like to first share my article in Majalla with Haley Cook about Libya’s Prospects in the new year. Next I’d like to pass along some content from Libya Business News which was quite succinct and accurate in this context:
As 2013 draws to a close, Libya’s General National Congress has voted to extend its mandate until late December 2014. Given the failure of the parliament to draft a constitution, this is not a surprise, but many have also been disappointed by the GNC’s failure to bring the militias under control and to secure oil exports. A recent decision to make Sharia law the foundation of all legislation and state institutions in the country has also caused confusion, while legislation banning non-Shariah-compliant banking by 2015 is strangling access to funds.
But as we welcome a new year there may be some brightness on the horizon, with the likely resumption of oil exports from Hariga, and a vote of confidence from KPMG, which is launching a member firmin Tripoli. With another challenging but potentially rewarding year to come, we at Libya Business News wish all Libyans at home and abroad a happy, peaceful and prosperous 2014.