Il continente è terreno fertile per le monete digitali emesse dalle banche centrali. Tra opportunità di inclusione finanziaria e sfide sulle regole da definire.
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In March, the establishment of a new administration parallel with Abdelhamid Dbeibah’s United Nations-backed Government of National Unity (GNU) caught global attention, as Libya slipped back to an era of explicit political divisions. However, the timeline and fault lines of this crisis predate the appointment of Fathi Bashagha’s parallel Government of National Stability (GNS), which is supported by the House of Representatives (HoR, Libya’s parliament). Instead, the roots can be traced to the battle to control Libya’s budget throughout the last eighteen months.
The crisis in Libya has often been described as a proxy war, that is, a conflict where foreign actors support and equip a certain faction or a number of factions in a third country and exert all efforts to see their faction(s) overcome the others and ascend to power. The purpose is obviously to expand a country’s power and influence.
The “warrior prince” Mohammed bin Salman al-Saud seems to have decided to play the ′alliance-maker` card. As the US President Joe Biden’s visit to Saudi Arabia approaches, Riyadh has rediscovered diplomacy, sending significant signals to Israel. Foreign policy and leadership rebranding overlaps in Riyadh now.
“The history of Libyan politics today is one of a population desperate to rid itself of a parasitic nouveau elite class before they hollow out the country through corruption and reshape Libyan society in their own grotesquely venal image”.
Tarek Megerisi’s words are a stab in the chest for anyone who loves Libya. They are all the more painful because they are true, down to the last word.
When addressing Libya’s natural resources, the first thing that comes to mind is fossil fuels. According to a February 2020 World Bank Group review on Libya’s financial sector, Libya is Africa’s largest oil economy in terms of proven oil reserves. Before the revolution, the oil sector contributed to over 90% of government revenues.
Libyans have always had a proud sense of exceptionalism. Despite attempts to compare Libya to Iraq, Afghanistan, Syria, and even uprisings from France to Russia, their own revolution has long retained this sense of exceptionalism, too. Today, however, over eleven years later, the dust has settled upon a much more mundanely tyrannical new world.
2022 marked the beginning of a new phase of political manoeuvring in Libya. Capitalising on the political power vacuum left by the 2021 elections’ indefinite postponement, a coalition of parliamentarians aligned with the Speaker of the House, Agila Saleh, appointed Fathi Bashagha as Prime Minister in a vote that was mired in legal irregularities. Bashagha has since repeatedly attempted to establish his government in the Libyan capital of Tripoli, to no avail.
The MED This Week newsletter provides expert analysis and informed insights upon the most significant developments in the MENA region, bringing together unique opinions on the topic and reliable foresight on possible future scenarios. Today, we turn the spotlight upon Turkey, where economic fragility at a national level is the backdrop for intense diplomatic activity abroad, especially with its Western NATO allies.
Travolto dagli scandali, Boris Johnson si dimette da leader dei conservatori. Resterà premier fino alla nomina del successore, ma la rivolta contro di lui è bipartisan: “via subito”.