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.
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