Deadly earthquakes in Turkey and Syria earlier this year were followed by the Morocco earthquake, floods in Libya, and an extreme heatwave in Europe, which will further drive costs up

The enormity of the destruction in Derna and the surrounding region is immense. In a city of 100,000, 15-20% of the population could be dead or missing.

While foreign actors have exploited Libya's fragility, blame also lies with the country's ruling elite for being overly eager to cheaply barter their country's sovereignty

Factions, corruption and an inadequate international response mean it's more of the same for the long-suffering citizens of the oil-rich North African nation so ill-served by its leaders

Since 2011, division and anarchy have engulfed the North African country. Today, it's split in half: one government in the east and another in the west

Libya's warring factions are not fighting and oil is flowing, but this illusion of stability can disappear anytime. A legitimate government is key to ensuring development in the country.

With more than 15 million Syrians in need of aid an agreement to resurrect oil production may be the answer with Libya setting the precedent

While Libya has an abundance of oil it is politically and strategically divided and lacks economic and human capital