The Socialist People’s Libyan Arab Jamahiriya: Selected Issue: Medium-Term Economic Reform Strategy, and Statistical Appendix

International Monetary Fund

No 2006/137, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper aims to present a medium-term reform strategy that could be pursued by Libya to accelerate its transition to a market economy. The paper reviews the main characteristics of the Libyan economy, and medium-term prospects under current policies. It examines the priority reforms that Libya needs to implement to accelerate its transition to a market economy, while maintaining macroeconomic stability. The paper also reviews a second set of reforms that aim to consolidate the reform process and advance the restructuring of the economy in favor of the non-oil sector.

Keywords: ISCR; CR; government; Libya; oil revenue; GDP; net creditor position; government buy-back; CBL authority; government policy; Privatization; Commercial banks; Foreign direct investment; Bank resolution; Maghreb; Middle East (search for similar items in EconPapers)
Pages: 71
Date: 2006-04-10
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