Libya urged to adopt proactive economic policies amid regional tensions

Dr. Mahmoud Al-Futaisi, head of the National Economic and Social Development Board NESDB, stated that Libya must adopt proactive economic policies to counter the repercussions of regional tensions. This statement followed a dialogue session organized by the NESDB in Tripoli, titled “Proposed Economic Policies in Light of Escalating Tensions in the Arabian Gulf Region.” Al-Futaisi emphasized that rapid geopolitical developments necessitate a more flexible and proactive economic approach for Libya, noting that escalating tensions in the Arabian Gulf could impact energy markets and global supply chains. He stressed the importance of early preparation and developing economic scenarios due to the Libyan economy's interdependence with international markets. Dialogue among official institutions, the private sector, and experts is crucial for formulating policies to enhance national economic resilience and mitigate risks from regional and international changes. The session discussed the potential repercussions of the crisis on Libya's economy, particularly in energy, foreign trade, and supply chains, and reviewed economic scenarios, challenges, and opportunities. Recommendations included strengthening the economy's adaptability to international changes, enhancing institutional coordination, and adopting flexible policies for economic stability and sustainable development. The session included representatives from legislative and executive institutions, business associations, chambers