Economy Minister Hwej Warns that Libya Can Run Out of Hard Currency Reserves if It Does Not Control Imports

Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports

Tripoli based Libyan Minister of Economy Mohammed Al-Hwej, in an exclusive live interview yesterday with the Istanbul-based Libyan satellite TV station Libya Al-Ahrar, said more than 30% of Libyan citizens have reached the poverty line according to international standards. Hwej was conducting a critical overview of Libya’s stuttering economy which has been struggling with a […] The post Economy Minister Hwej warns that Libya can run out of hard …

Economy Minister Says 30% of Libya’s Population Has Fallen Into Poverty

Libya’s Economy Minister Mohamed Al-Hwaij said more than 30 percent of Libyan citizens are now living below the international poverty line, highlighting deep structural imbalances in the country’s economic management and trade policies. Speaking to Libya Al-Ahrar television, Al-Hwaij said the deterioration in living standards is closely linked to distorted import mechanisms, weak market oversight, and widespread smuggling that drains public reso…