Libya joined the IsDB on August 24, 1974 as a founding member. The Board of Executive Directors has approved the first IsDB operation in Libya on July 10, 1980 and the latest operation was approved on July 25, 2017. Its capital subscription is ID 4,771.7 million (9.47%). Libya has a population of 6.5 million and a country land area of 1.8 million sq km. In 2017, GDP per capita was estimated at US$ 6,700, placing it among the group of upper middle-income countries. Libya has settled all its dues to IsDB in pursuance to its policy to reduce external debt of the country to a minimum level.