On 26 May, the Atlantic Council published an article by Ahmed Shalghoum and Frank Talbot, titled 'An oil windfall will not fix Libya’s economy'. The authors look at how Libya has been gaining record oil revenue as it benefits from a windfall of a global energy crisis, with Brent crude prices hovering around $100 per barrel. The increased revenue, however, ‘will not fix Libya’s economy if it continues to flow into a political economy still shaped by parallel spending, institutional fragmentation, and weak oversight’, they argue.
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