Tag Archives | economic stability
The appearance of regional banking institutions in new countries forces the host country to up their game when it comes to the banking infrastructure they are offering consumers.
Libya is exceedingly well endowed with hydrocarbon resources. Singlehandedly, Libya with its proven crude oil reserves of 47.1 billion barrels accounts for nearly 38% of the continent’s proven oil reserves. Libya not only has substantial reserves on an African scale, but also on a global basis. The country has 12 oilfields with reserves of over one billion barrels each and two others with reserves of between 0.5 and one billion barrels.
Two of the goals as set out in the National Development Plan (NDP) are the transformation of urban and rural spaces in South Africa and investment into a strong network of economic infrastructure designed to support medium to long-term objectives.