Libyan economy withstands crisis

Libyan Finance Minister Muhammad Beit al-Mal has asserted that his country did not borrow from the International Monetary Fund or the World Cank despite the international economic crisis and drastic recession in oil prices.

During the evening session of the Libyan People's General Congress held on Tuesday in Sert, the Libyan minister said, "Thanks to the economic policy pursued during recent years, the Libyan economy could withstand world economic crisis and builds a solid economy."