Socialist People’s Libyan Arab Jamahiriya: Staff Report for the 2004 Article IV Consultation

March 8, 2005

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Format: Chicago

Socialist People’s Libyan Arab Jamahiriya: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Also available in: العربية

Summary

This 2004 Article IV Consultation highlights that the Libyan economy remains largely state controlled and heavily dependent on the oil sector. Since the lifting of the Libya-specific trade sanctions of the United Nation and United States in September 2003 and September 2004, respectively, the pace of economic and structural reforms has picked up somewhat, with the implementation of measures aimed at enhancing the role of the private sector in the economy. However, these reforms continue to be implemented in an ad hoc and nontransparent manner.

Subject: Exchange rates, Fiscal policy, Foreign exchange, Imports, International trade, Oil prices, Prices, Tariffs, Taxes

Keywords: Authorities' budget, CR, East Africa, Europe, Exchange rates, General People's Congress, Global, Government, Imports, ISCR, Libya, Maghreb, Member Central Bank of Libya, Middle East, North Africa, Oil prices, Oil revenue, Tariffs, WEO oil price projection

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/083
Stock No:

1LBYEA2005002
ISBN:

9781451823066
ISSN:

1934-7685

Notes

Also available online in Arabic.

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