Economist: Tunisia losses $ 800 million per year due to Libya crises

Economist: Tunisia losses $ 800 million per year due to Libya crises

July 21, 2018 - 12:27
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Written By: HousamNajjair

World Bank economist in the Sustainable Development Department, Abdullah Sy, said Tunisia is losing an estimated 800 million dollars a year as a result of the Libyan crisis and poor investment between the two countries.

Sy stated in a study prepared by the World Bank regarding Tunisia and Libya that smuggling of petrol from Libya to Tunisia led to the loss of 500 million litres annually, equivalent to 17% in the budget level in Libya and on the level of tax revenues in Tunisia.

He stressed the need for Tunisia and Libya to work together in harmony and seek to agree on policies to control the risks resulting from unrest in both countries.