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Libya, a wealthy but fragile state reliant on oil, has faced political instability since the fall of the Ghaddafi regime in 2011, leading to the formation of competing governments and ongoing conflict. Despite these challenges, the Central Bank has maintained significant reserves and the economy is projected to rebound in 2023 with increased oil production, although fiscal and external surpluses are expected to decline in the coming years. The outlook remains uncertain, heavily influenced by global oil pric
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- safiamahamed37
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- EN