Reports

Libya's Indicators During December 2016

March 09, 2017

Introduction

The Libyan government institutions are facing a series of economic, political, social and technical changes and challenges. To address these challenges, these institutions have to implement measures that take modern management concepts into consideration to efficiently and effectively achieve the desired objectives. These changes and challenges were accompanied by demands to renew the overall management styles, and adopt different strategies and methods to raise the performance level of government service apparatus. These demands call for dealing positively with current and emerging challenges and crises, rationalizing expenditure, speeding up the implementation process, and simplifying procedures.

These measures are appropriate for the comprehensive approach of administrative development through efficiently exploiting resources, constantly improving service quality, and increasing customer satisfaction.

 

In this regard, the Key Performance Indicators (KPI) are considered as effective tools to measure the extent to which government institutions are able to achieve specific objectives set in their announced strategy. In this sense, KPI are determined based on criteria dictated by the nature of functions and activities of the various departments. Often, KPI rely on a number of tools and methods used in quality and planning applications and tools in determining indicators which could be used to measure and compare performance in various fields, learning about the current situation and planning for a better one, and learning about the advancements achieved in each department in order to reach the longed-for goals.

Realizing the importance of the continuous follow up with the latest development in Libyan situation indicators and indexes, this research paper tries to present the main economic, social, educational, and health indicators that reflect the performance of Libyan institutions that are of interest to citizens and decision makers during the month of December 2016. The research papers relies on the main international reports issued in December which tackled the various developments in Libyan affairs while also focusing on reports released by International Monetary Fund, World Bank, the Organization of Petroleum Exporting Countries (OPEC), and other international organizations along with relying on various reports issued by regional and international authorities and institutions.

I: Economic Indicators/Indexes

During the month of December, the Libyan economic suffocating crises were exacerbated and manifested in unprecedented deficit in public finance and balance of payments. In addition, the Libyan Dinar value declined, while foreign exchange rate increased in the parallel market compared to the official exchange rate.

1.     Libyan dinar exchange rates

During December, Libyan Dinar exchange rate had significantly increased in the first half of the month from $6.4 to $6.5 that is an increase of 2% which lasted throughout the second half of the month as a result of a clear escalation in military operations and security turmoil in the area of the “Oil Crescent”. 

Download as PDF and Read full paper: