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Of Tanks and Banks: Stopping a Dangerous Escalation in Libya
An under-reported banking crisis threatens to exacerbate deadly fighting in Tripoli, ignite a protracted resource war and deepen the country’s east-west divide.
- ICG
A way out requires agreeing to a ceasefire in Tripoli and ending the four-year split between the Central Bank’s rival branches.
What’s new?
A neglected banking crisis in Libya is coming to a head just as forces under Field Marshal Khalifa Haftar are trying to capture Tripoli.
A protracted conflict will hinder efforts to reunify the divided banking system, fuelling prospects of a financial implosion and economic war alongside the…