Libya: Staff Report For The 2013 Article Iv Consultation

International Monetary Fund

No 2013/150, IMF Staff Country Reports from International Monetary Fund

Abstract: The political and security environment remains uncertain in Libya. Libya faces the challenges of stabilizing the economy and responding to the aspirations of the revolution. The near-term outlook is favorable, but there are significant risks. The overarching policy objective should be to foster inclusive growth. Banks are not intermediating, and resources should be devoted to its effective implementation. Expenditure is skewed toward wages and subsidies. Libya needs to adopt a comprehensive reform strategy. The government agrees with the assessment of the economic outlook and associated risks and policy options as outlined by Executive Directors.

Keywords: ISCR; CR; surplus; wage bill; government; UN security; bill; central bank of Libya; staff's assessment; subsidy bill; Balance of payments statistics; Middle East; Global (search for similar items in EconPapers)
Pages: 50
Date: 2013-05-31
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Citations: View citations in EconPapers (22)

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