Libya Defence and Security Report 2016 - Business Monitor International - Industry Reports

Libya Defence and Security Report 2016

Libya Defence and Security Report 2016 - Business Monitor International - Industry Reports
Libya Defence and Security Report 2016
Published May 28, 2016
33 pages — Published May 28, 2016
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Abstract:

Libyan defence expenditure has fluctuated over the past decade, largely in line with the changing size of the country s overall budget - which in turn, depends almost solely on income derived from oil exports. As a share of GDP, however, sector spending has remained around - for the past five years, reflecting the persistent threats posed to Libya s security environment by high levels of political instability, rising Islamist militancy and widespread crime. ...This represents an increase of --.- y-o-y; starting from a very low base, and as such, the size of the Libyan defence budget remains small on a global comparison. Demand for military equipment and modernisation programmes will rise - particularly in the ground and air power segments - as the Libyan National Army (LNA), allied with the internationally recognised government in Tobruk, continues its offensives against the Libya Dawn coalition in Tripoli and the Islamic State. However, heightened instability and the particular targeting of energy infrastructure by rival militias will prevent growth of oil exports in the short term, constraining public spending. ...The Central Bank is burning through its foreign reserves, and many government services have been shut down as revenues are collapsing. We project Brent will average USD--.-/bbl in ---- and USD--/bbl in ----, compared with an average of

...There has been a de-escalation in fighting following the formation of the Government of National Accord (GNA) in April ----; however, the Tobruk government has thus far refused to be merged into the GNA. In April ----, the Tobruk government continued with its own oil sales - bypassing the GNA - with payments deposited abroad. ...The Libyan National Army reportedly took delivery of four Sukhoi Su--- fighter aircraft from an undisclosed country in November ----. In April ----, President Barack Obama and the leaders of Germany, France, Britain and Italy, discussed a joint maritime mission off the coast of Libya to tackle arms smuggling and refugee flows. Libya requested approval from the UN Security Council in February ---- to import tanks, fighter jets, attack helicopters, ammunition, assault rifles and grenade launchers from Ukraine, Serbia and Czech ...In April ----, President Barack Obama and the leaders of Germany, France, Britain and Italy, discussed a joint maritime mission off the coast of Libya to tackle arms smuggling and refugee flows. Libya requested approval from the UN Security Council in February ---- to import tanks, fighter jets, attack helicopters, ammunition, assault rifles and grenade launchers from Ukraine, Serbia and Czech

...Beyond our forecast period, a gradual stabilisation of the political environment will lead to steady growth in oil exports, which in turn allows for the Libyan defence budget to increase. Although the risks associated with establishing operations in Libyan territory will remain relatively high, the local defence industry could offer substantial rewards in the long term, as domestic and regional security and power dynamics continue to drive sector spending. ...

  
Source:
Document ID
1749-1517
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Libya Defence and Security Report 2016" May 28, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Libya-Defence-and-Security-Report-2016-2026-445>
  
APA:
Business Monitor International - Industry Reports. (2016). Libya Defence and Security Report 2016 May 28, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Libya-Defence-and-Security-Report-2016-2026-445>
  
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