Libya: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Libya
June 8, 2023
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Libya: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Libya, (USA: International Monetary Fund, 2023) accessed November 21, 2024
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Summary
This is the first Article IV Consultation since 2013. Libya’s institutional framework has helped the country through a period of significant macroeconomic volatility and turmoil. There have been exceptional swings in oil production and revenues since the fall of the Ghaddafi regime in 2011. Despite this, the measures taken by the Central Bank of Libya, including the currency’s devaluation in 2021, helped maintain a large buffer of international reserves. The stability of the exchange rate will remain an important anchor for monetary policy going forward.
Publication Details
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Pages:
48
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2023/201
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Stock No:
1LBYEA2023001
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ISBN:
9798400243578
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ISSN:
1934-7685
