Accounting faculty students organize a workshop on the support of international financial institutions for developing countries.
On Tuesday, July 1, 2025, students from the Department of Economics and the Department of Finance and Banking at the Faculty of Accounting held a workshop entitled:
"Support of International Financial Institutions for the Economies of Developing Countries: Is It Real or Just a Slogan?"
Students of the International Finance course presented detailed reports covering the activities of international institutions such as the International Monetary Fund, the World Bank, and various international and regional banks. The presentations highlighted the positive and negative impacts of these institutions on developing economies, along with key criticisms—chief among them being the strict conditions imposed for membership and financial or technical support. These conditions often lead to economic challenges, deepen international dependency, affect national sovereignty, and increase public debt, which in turn negatively influences other economic indicators. The session was supervised by Dr. Fatima Milad.
The key recommendation was: for Libya to benefit from the support of the IMF or the World Bank, it must first develop a national strategy that defines its domestic economic goals and seek assistance from international institutions only in ways that align with this national strategy.