Those who thought Libya’s new era began with the death of the deposed leader, Muammar Gaddafi in October 2011, will have to wait a little longer. As the UN secretary-general Ban Ki-Moon so aptly put it: “[Gaddafi’s death] is only the end of the beginning.”
The IMF has forecast that Libya’s gross domestic product (GDP) may have contracted by as much as 60% in 2011. Accessing the significant funds needed to help rebuild the country, to underpin stability and to ensure that Libyans can resume their normal lives is of paramount importance.
