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Team of Libyan financers discuss with IMF impact of shadow economy on activities in Libya.

Pulbished on:
Tunis, 15 July 2018 (Lana) Team of Libyan financers discussed with IMF team in Tunis Sunday ways to confront the shadow economy in Libya and its impact on economic activities in the country. IMF experts said the size of the shadow economy exceeded 60% according to latest released reports of the total GDP for 1995 to 2016. UN envoy to Libya said last March that Libya will not be stable unless the shadow economy is eradicated, and said that conflict in Libya cannot end unless black economy is rooted out. In this respect UN Security Council issued warrants of arrest against major traffickers including human traffickers. =Lana=