WB warns large percentage of Libyans on the verge of poverty.

WB warns large percentage of Libyans on the verge of poverty.Sunday , 30-10-2016 – 21:21:00

Washington, 30.10.3016(Lana)The World Bank warned that large percentage of Libya’s population on the verge of poverty, due to decline of oil prices, hampered oil production, political stalemate and comprehensive conflict sweeping the country. The World Bank referred to the UN report mid 2016 that about 435,000 people are homeless, 1,3 lack food security and over a third (that of the six million population need some sort of humanitarian aid. It said high unemployment rate has role in current instability and prospects of restoring peace. Ultimately, short term aid must open the way for efforts to step up effectiveness of civil service and public sector and the private sector and diversify its activities to enable it create new jobs. =Lana=

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