The Socialist People's Libyan Arab Jamahiriya: 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for The Socialist People's Libyan Arab Jamahiriya

International Monetary Fund

No 2007/149, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2006 Article IV Consultation highlights that Libya has made efforts to liberalize its economy and foreign trade, achieving increasing economic growth while maintaining macroeconomic stability. In 2006, economic conditions continued to be satisfactory. Real GDP grew about 5½ percent, reflecting an increase of 4½ percent in the value added of the hydrocarbon sector. In 2006, structural reform continued with the implementation of a wide range of measures covering fiscal management and taxation, banking and payments systems, trade, and the business environment.

Keywords: ISCR; CR; staff appraisal; government; Libya; IMF staff representative; Libyan authorities; import monopoly; customs administration reform measure; tourism sector; Balance of payments statistics; Wage adjustments; Budget planning and preparation; Middle East; North Africa; East Africa; Maghreb (search for similar items in EconPapers)
Pages: 43
Date: 2007-05-04
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