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It has been nearly five years since Libyan leader Col. Moammar Gadhafi was captured and killed by Libyan rebels near his hometown of Sirte on Oct. 20, 2011. Sadly, Libya remains a deeply divided country, both politically and institutionally, and does not have a functional representative government in place. Tragically, Libya’s democratic transition process failed to create an environment conducive for democracy and the rule of law. Instead, Libya became a country where militias ruled, extremist groups flourished and living conditions deteriorated significantly. The country also suffers from a major political crisis, with various competing governments each claiming legitimacy and control over key institutions such as the Central Bank, the National Oil Corporation and the Libyan Investment Authority.

To read full story click on this link: Al-Monitor

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