Libya’s Economy Minister: Delayed reforms cost up to $12 billion annually
Published on: Monday 26 October 2026
Economy and Trade Minister Suhail Aboushiha said delays in implementing economic and monetary reforms cost Libya between $10 billion and $12 billion annually, while the government aims to increase GDP to $140 billion by 2030. In an interview with CNBC Arabia, Aboushiha estimated Libya’s economy at around $80 billion in 2025 and put the country’s reconstruction needs at approximately $100 billion, adding that the available flexibility in the state budget ranges from 15% to 16%. Libya also aims to reduce its external exposure by 25% by 2030 compared with 2026 levels.
News source: https://libyaobserver.ly/inbrief/libyas-economy-minister-delayed-reforms-cost-12-billion-annually
