An International Financial Commission is Libya’s Last Hope
For the last five years, the international community has tried a range of different approaches to mediating the Libyan civil war. All have failed. Most nations and observers not actively fueling the war with weapons, money, training, and mercenaries now see that halting these destructive flows is critical to bringing the rival militia factions to the negotiating table. The Berlin conference slated for February 2020 has the creation of an effective arms embargo as its stated primary goal. However, merely meeting this challenge will not be enough to stem the violence or solve the conflict. Once militias are cut off from external sources of military support, the core economic issues that gave rise to the conflict will still remain. Only a new approach empowering Libyan economic reformers, while reworking the Libyan economic system’s role as a driver of conflict, can fix the dysfunction. To achieve this, international actors need to facilitate and support the establishment of a Libyan-requested, Libyan-led International Financial Commission vested with the requisite authorities to completely restructure the economy.
