Press release

21 Aug 2014

Beirut

Libyan Conflict and its Impact on Egypt and Tunisia

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Following the Libyan parliamentary elections held in June 2014 and the inability of the Government to extend its authority beyond Tripoli, in addition to the political instability and intensified armed violence around the capital city of Tripoli and the second largest city of Bengazi, the United Nations Economic and Social Commission for Western Asia (ESCWA) produced a note to examine the economic situation in Libya and review the main challenges the Libyan economy is facing. The note also highlights the impact of the Libyan conflict on two neighbouring countries, namely Egypt and Tunisia. You can find attached the study in English that includes four chapters tackling the erosion of the Libyan central government; the economic situation in both Egypt and Tunisia before the Libyan crisis; and the impact of the Libyan crisis on both neighbouring countries. The note also shows up some figures on unemployment rates, growth rates, deficit, tourism and other economic effects. Read more: http://www.escwa.un.org/main/docs/EDGDLibyaAug2014.pdf ESCWA is one of the five UN regional commissions. It provides a framework for the formulation and harmonization of sectoral policies for member countries; a platform for congress and coordination; a home for expertise and knowledge, and an information observatory. ESCWA aims at supporting economic and social cooperation between the region’s countries and promoting development process in order to achieve regional integration. Libya, the Kingdom of Morocco and the Republic of Tunisia became members of ESCWA in September 2012. By this new membership, the number of ESCWA countries rose to 17, including: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, The Sudan, The Syrian Arab Republic, The United Arab Emirates and Yemen.
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