Libya: Staff Report For The 2013 Article Iv Consultation

May 31, 2013

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Libya: Staff Report For The 2013 Article Iv Consultation, (USA: International Monetary Fund, 2013) accessed December 25, 2024

Summary

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.

Subject: Balance of payments statistics, Economic and financial statistics, Expenditure, Fiscal policy, National accounts, Public financial management (PFM)

Keywords: Balance of payments statistics, Bill, Central bank of Libya, CR, Global, Government, ISCR, Middle East, Staff's assessment, Subsidy bill, Surplus, UN security, Wage bill

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/150
Stock No:

1LBYEA2013002
ISBN:

9781484399026
ISSN:

1934-7685

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