The complete fall of the Libyan regime and the end of Colonel Gaddafi’s 42-year rule is opening a new chapter for the country. Its small population (5.5m people), large oil resources (exports of oil and gas reached $44bn in 2010) and the dire need for substantial reconstruction spending hold great appeal for international companies. But the challenges facing the governing National Transition Council and the risk of new rounds of instability and violence are substantial. How to define the right path forward?
Here are three critical elements to monitor, as they will send clear signals on the short to medium term outlook for Libya: the political composition of the new governing bodies, the extent to which the most extreme Islamist fighters can be marginalised, and the schedule for the resumption of oil production.
A country coming out of 42 years of authoritarian regime through civil war and still pretty much characterized by tribal affiliation should not be expected to find its institutional balance quickly. So far, the NTC has announced a two-year transition process starting with elections to a constitutional assembly in eight months. The constitution will then be put up to a referendum, allowing for the new regime to be set up if voted in.
In Gaddafijis death, we have lost a very faithful and good friend so says Dogvijay Singh. There is Saffron forces behind this dastardly act so says Palaniappan Chidambaram. Thats why we insisted for Minority Protection Bill so says Manmohan. See what happened? My statement stands vindicated, so says Rajiv Bhaiah. Let the Government Declare 20th 0ctober as National Holiday, so says Muslim Mullah from Delhi Mosque.
ReplyDeleteBut as an Human and Indian, I say he deserved what he wanted.