Cost of living continues to rise, liquidity problem persists

Cost of living continues to rise, liquidity problem persists: Libya market report


By Sami Zaptia.
London, 22 January 2021:
The cost of the Minimum Expenditure Basket (MEB) across Libya rose by 1.3% (LD 9.54) to LD 729 from October to November 2020 or 16% more expensive in November, when comparing to preCOVID-19 levels in March 2020. The findings come in the latest report published yesterday by Swiss-based international NGO, REACH.
The Minimum Expenditure Basket (MEB) represents the minimum culturally adjusted group of items required to support a five-person Libyan household (HH) for one month. The cost of the MEB can be used as a proxy for the financial burdens facing households in different locations.
REACH is a joint initiative of two international non-governmental organizations – ACTED and IMPACT Initiatives – and the UN Operational Satellite Applications Programme (UNOSAT). It facilitates the development of information tools and products that enhance the capacity of aid actors to make evidence-based decisions in emergency, recovery and development contexts. REACH activities are conducted through inter-agency aid coordination mechanisms.

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