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Libyan Economy Faces Possible Collapse, Diplomat Warns

The U.N.’s top diplomat in Libya warned Tuesday that the oil-rich country’s economy “is on the road to collapse.” Martin Kobler, head of the U.N. Support Mission in Libya, told the Security Council that oil production was down to about 200,000 barrels per day, compared with 1.4 million barrels after the 2011 revolution that ousted former dictator Moammar Gadhafi. “The country is running a 75 percent budget deficit,” Kobler added. He said Libya would not be able to rely much longer...

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