Socialist People's Libyan Arab Jamahiriya: 2008 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Socialist People's Libyan Arab Jamahiriya.

September 12, 2008

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Format: Chicago

Socialist People's Libyan Arab Jamahiriya: 2008 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Socialist People's Libyan Arab Jamahiriya., (USA: International Monetary Fund, 2008) accessed November 23, 2024

Also available in: العربية

Summary

This Socialist People’s Libyan Arab Jamahiriya’s 2008 Article IV Consultation is focused on containing public expenditure to reduce inflation pressures, strengthening the monetary policy framework, and advancing financial sector reforms. Libya’s macroeconomic performance has been strong. GDP growth is broad-based and has strengthened further. Both the fiscal and external current account positions are in large surplus, and net foreign assets are accumulating rapidly. The medium-term outlook is favorable, underpinned by the expectation of high oil prices and increased infrastructure spending.

Subject: Banking, Commercial banks, Expenditure, External position, Financial institutions, Foreign assets, Inflation, Oil prices, Prices

Keywords: Authority, Broad money, Commercial banks, Consultation, Consultation informational annex, CR, Debt relief, Foreign assets, Inflation, ISCR, Libya, Libyan authorities, Maghreb, Oil prices, Price pressure, Surplus, World food price

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/302
Stock No:

1LBYEA2008002
ISBN:

9781451823127
ISSN:

1934-7685

Notes

Full text also available in Arabic.

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