Executive Board
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Board Discussions
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May 17, 2013
February 9, 2011
August 5, 2009
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Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP -7.8 29.8
Consumer Prices 4.8 6.3
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Libya: Financial Position in the Fund


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Libya and the IMF
Updated May 6, 2014

The last Article IV Executive Board Consultation was on May 17, 2013. Listed below are items related to Libya, in reverse chronological order (you can also view items by category).

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May 06, 2014 -- IMF Survey : Mideast Growth Outlook to Improve Overall, Bold Reforms Still Needed
Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) is expected to strengthen this year, but weak confidence and, in some cases, large public deficits continue to pose risks to this outlook, the IMF said in its latest regional assessment.
April 16, 2014 -- Arab Countries in Transition - An Update on Economic Outlook and Key Challenges
Subject: Regional Economic Outlook | Egypt | Jordan | Libya | Morocco | Tunisia | Yemen | Transition economies | Cross country analysis
April 11, 2014 -- IMFC Statement by His Excellency Obaid Humaid Al Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 154Kb
October 10, 2013 -- Deauville Partnership Ministerial Meeting, Arab Countries in Transition: Economic Oulook and Key Challenges for Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen; October 10, 2013
October 08, 2013 -- Arab Countries in Transition - Economic Outlook and Key Challenges - Deauville Partnership Ministerial Meeting
Subject: Regional Economic Outlook | Egypt | Jordan | Libya | Morocco | Tunisia | Yemen | Transition economies | Cross country analysis
May 31, 2013 -- Libya: 2013 Article IV Consultation
Series: Country Report No. 13/150
May 31, 2013 -- Libya: Selected Issues
Series: Country Report No. 13/151
May 23, 2013 -- Public Information Notice: IMF Executive Board Concludes the 2013 Article IV Consultation with Libya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
May 19, 2013 -- Growth and Jobs to Meet the Aspirations of the Arab Countries in Transition, a commentary by Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund
May 01, 2013 -- Searching for the Finance-Growth Nexus in Libya
Author/Editor: Cevik, Serhan | Rahmati, Mohammad
Series: Working Paper No. 13/92
April 20, 2013 -- IMFC Statement by The Honorable Sultan N. Al-Suwaidi, Governor of the Central Bank, of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 129Kb
April 19, 2013 -- Transcript of a Press Briefing on the Middle East Economic Outlook
April 19, 2013 -- Arab Countries in Transition - Economic Outlook and Key Challenges - Deauville Partnership Ministerial Meeting
Subject: Secretary's Memorandum to Executive Board
March 27, 2013 -- Hitchhiker’s Guide to Inflation in Libya
Author/Editor: Cevik, Serhan | Teksoz, Katerina
Series: Working Paper No. 13/78
March 27, 2013 -- The Day After Tomorrow: Designing an Optimal Fiscal Strategy for Libya
Author/Editor: Caceres, Carlos | Cevik, Serhan | Fenochietto, Ricardo | Gracia, Borja
Series: Working Paper No. 13/79
March 13, 2013 -- The Economics of Political Transitions: Implications for the Arab Spring
Author/Editor: Khandelwal, Padamja | Roitman, Agustin
Series: Working Paper No. 13/69
March 08, 2013 -- Press Release: Statement at the Conclusion of an IMF Mission to Libya
March 06, 2013 -- Libya: 2013 Article IV Consultation Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
February 05, 2013 -- Libya: Technical Assistance Report—Public Financial Management Reform Priorities in the New Environment
Series: Country Report No. 13/36
January 09, 2013 -- "Unleashing the Economic Potential of the Maghreb—the Role of Foreign Investment" By Christine Lagarde, Managing Director, International Monetary Fund
November 13, 2012 -- Enabling Economic Transformation in the Middle East and North Africa by David Lipton, IMF First Deputy Managing Director
November 11, 2012 -- IMF Survey: Middle East Economies Post Divergent Performance
The economic outlook for the Middle East and North Africa region is mixed. Most of the region’s oil-exporting countries are growing at healthy rates, supported by higher oil prices and production, while oil importers face subdued economic prospects, the IMF says in its latest assessment.
October 13, 2012 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
October 13, 2012 -- Arab Countries in Transition: Economic Outlook and Key Challenges; Notes Prepared by Staff of the International Monetary Fund for the Deauville Partnership Ministerial Meeting October 12, 2012 Tokyo
October 12, 2012 -- Transcript of the IMF Middle East and Central Asia Department Press Briefing
October 09, 2012 -- Arab Countries in Transition - Economic Outlook and Key Challenges - Deauville Partnership Ministerial Meeting
Subject: Regional Economic Outlook | Egypt | Jordan | Libya | Morocco | Tunisia | Yemen | Political economy | Transition economies | Cross country analysis
May 24, 2012 -- Arab Oil Importers Under Strain, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund
May 04, 2012 -- Libya-Staff Visit Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
April 21, 2012 -- IMFC Statement by Obaid Humaid Al-Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
April 20, 2012 -- Middle East and North Africa - Economic Outlook and Key Challenges - Deauville Partnership Ministerial Meeting
Subject: Regional Economic Outlook | Egypt | Jordan | Libya | Morocco | Tunisia | Middle East | North Africa | Political economy | Economic growth | Fiscal risk
April 16, 2012 -- Libya Beyond the Revolution: Challenges and Opportunities
Series: Middle East and Central Asia Departmental Paper 12/1
April 16, 2012 -- IMF Survey: Libya on Recovery Path but Faces Long Rebuilding Effort
Libyan oil production has recovered faster than expected following the overthrow of Muammar Gaddafi, but the country has to build modern institutions, repair infrastructure, and diversify the economy, an IMF official says, adding that its potential could be realized with the right institutions and policies.
January 30, 2012 -- Libya-Concluding Statement of the 2012 Staff Visit
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
November 22, 2011 -- Mideast Faces Diverging Economic Prospects, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund
October 26, 2011 -- IMF Survey: Mideast Outlook Varies Markedly Across Region
Countries across the Middle East and North Africa face a diverging economic outlook, with oil exporters experiencing a pickup in growth in 2011 on the back of higher oil prices and oil importers seeing a dramatic downturn as the region faces heightened regional and global uncertainty, the IMF says.
October 20, 2011 -- Transcript of a Press Briefing by Gerry Rice, Acting Director, External Relations Department, International Monetary Fund.
September 10, 2011 -- Press Release: IMF Recognizes Libya's National Transitional Council, Says Ready to Support its Efforts to Revive the Country's Economy
September 10, 2011 -- IMF Survey: Deauville Partnership Broadens Support for Mideast, North Africa
Group of Seven industrial nations, plus Russia, bolstered their support for Middle East and North African countries under the Deauville Partnership, an initiative launched at a leaders’ summit last May, and welcomed moves by international financial institutions to improve coordination.
September 08, 2011 -- Transcript of a Press Briefing by Gerry Rice, Acting Director, External Relations, International Monetary Fund
August 25, 2011 -- Transcript of a Press Briefing by David Hawley, Deputy Director, External Relations, International Monetary Fund
May 19, 2011 -- Middle East and North Africa: Protecting Social Cohesion and Economic Stability, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund
April 27, 2011 -- IMF Survey: Mideast Countries See Opportunity Amid Unrest
Recent uprisings in the Middle East provide an opportunity for the region to lay the foundation for a socially inclusive growth agenda, but in the near term, oil-importing countries face multiple pressures stemming from higher crude prices and disruptions to economic activity, the IMF says.
April 07, 2011 -- Transcript of a Group Interview with Managing Director Dominique Strauss-Kahn and Middle East Journalists
February 15, 2011 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with the Socialist People’s Libyan Arab Jamahiriya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
November 04, 2010 -- The Socialist People’s Libyan Arab Jamahiriya -- 2010 Article IV Consultation, Preliminary Conclusions of the Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
October 09, 2010 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, Ministry of Finance, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 415Kb
December 07, 2009 -- Press Release: The Socialist People's Libyan Arab Jamahiriya Begins Participation in the IMF's General Data Dissemination System
November 11, 2009 -- Framework Administered Account for Selected Fund Activities-The Socialist People's Libyan Arab Jamahiriya Subaccount for Selected Fund Activities
Subject: Administered accounts | Libyan Arab Jamahiriya | External financing | Financial instruments | Executive Board decisions | Lapse of time approval
September 21, 2009 -- Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Socialist People’s Libyan Arab Jamahiriya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 21, 2009 -- Socialist People's Libyan Arab Jamahiriya: 2009 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
Series: Country Report No. 09/294
Notes: Full text also available in Arabic.
June 01, 2009 -- The Socialist People’s Libyan Arab Jamahiriya—2009 Article IV Consultation, Concluding Statement of the Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
April 25, 2009 -- IMFC Statement by the H.E. Sultan N. Al-Suwaidi, Governor of the Central Bank, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 333Kb
November 18, 2008 -- Press Release: IMF Managing Director Dominique Strauss-Kahn's Statement at the Conclusion of his visit to the Socialist People's Libyan Arab Jamahiriya
October 11, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 287Kb
September 12, 2008 -- Socialist People's Libyan Arab Jamahiriya: Statistical Appendix
Series: Country Report No. 08/301
Notes: Full text available in Arabic.
September 12, 2008 -- 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.
Series: Country Report No. 08/302
Notes: Full text also available in Arabic.
September 09, 2008 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with The Socialist People's Libyan Arab Jamahiriya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 12, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 187Kb
November 12, 2007 -- The Socialist People's Libyan Arab Jamahiriya -- IMF Staff Visit Conclusions of the Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
May 04, 2007 -- The Socialist People's Libyan Arab Jamahiriya: Statistical Appendix
Series: Country Report No. 07/148
Notes: Also Available in Arabic
May 04, 2007 -- 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
Series: Country Report No. 07/149
Notes: Also Available in Arabic
April 25, 2007 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with The Socialist People's Libyan Arab Jamahiriya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
December 20, 2006 -- Introductory Remarks by Rodrigo de Rato Managing Director of the International Monetary Fund, At the Conference on Financial Sector Reforms and Prospects for Financial Integration in the Maghreb Countries
July 10, 2006 -- IMF Survey:
Afghanistan: IMF loan; de Rato, African Governors meet; Bank-Fund collaboration; New Zealand, Libya; Chinese monetary policy; Lebanon: reconstruction; Canada: commodity boom; Persian Gulf: statistical agency; ECB monetary policy; WAEMU; Mineral resources PDF File Size: 587Kb
April 22, 2006 -- IMFC Statement by His Excellency Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 38Kb
April 10, 2006 -- Public Information Notice: IMF Executive Board Concludes Article IV Consultation with The Socialist People's Libyan Arab Jamahiriya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 10, 2006 -- The Socialist People’s Libyan Arab Jamahiriya: 2005 Article IV Consultation - Staff Report; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 06/136
Notes: Also available online in Arabic
April 10, 2006 -- The Socialist People’s Libyan Arab Jamahiriya: Selected Issue - Medium-Term Economic Reform Strategy, and Statistical Appendix
Series: Country Report No. 06/137
Notes: Also available online in Arabic
November 30, 2005 -- Press Release: IMF Macroeconomic Policy Seminar for Parliamentarians from Algeria, Libya, Morocco and Tunisia
April 16, 2005 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 37Kb
March 21, 2005 -- IMF Survey:
De Rato applauds growth in China and India; Romanian president's visit; Moldova; Libya; Italy; Slovak Republic; Country insurance facility; Microfinance; U.S. Federal Reserve; United Kingdom; Canada; Offshore financial centers. PDF File Size: 350Kb
March 08, 2005 -- Public Information Notice: IMF Executive Board Concludes Article IV Consultation with The Socialist People's Libyan Arab Jamahiriya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 08, 2005 -- Socialist People's Libyan Arab Jamahiriya: Statistical Appendix
Series: Country Report No. 05/78
March 08, 2005 -- Socialist People's Libyan Arab Jamahiriya 2004 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion.
Series: Country Report No. 05/83
Notes: Also available online in Arabic.
October 02, 2004 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 579Kb
April 24, 2004 -- IMFC Statement by His Excellency, Mohamed K. Khirbash, Minister of State for Finance and Industry, Ministry of Finance and Industry, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 559Kb
February 12, 2004 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
October 23, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with the The Socialist People's Libyan Arab Jamahiriya
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 23, 2003 -- The Socialist People's Libyan Arab Jamahiriya: 2003 Article IV Consultation--Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 03/327
September 24, 2003 -- Statement by the H.e. Ageli Abdel Salam Breni, Governor of the World Bank for Socialist People's Libyan Arab Jamahiriya, at the Joint Annual Discussion
PDF File Size: 142Kb
July 23, 2003 -- Press Release: Socialist People's Libyan Arab Jamahiriya Accepts Article VIII Obligations
September 28, 2002 -- Statement by His Excellency Mohamed K. Khirbash Minister of State for Finance and Industry Ministry of Finance and Industry, United Arab Emirates, International Monetary and Financial Committee Meeting, September 28, 2002
The International Monetary and Financial Committee statement on behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syria, United Arab Emirates, Yemen
September 29, 1999 -- Statement by the Hon. Mohamed A. Bait Elmal, Governor of the World Bank for the Socialist People's Libyan Arab Jamahiriya, at the Joint Annual Discussion
PDF File Size: 10Kb
September 28, 1999 -- Statement by the Hon. Mahfoudh Ould Mohamed Ali, Governor of the IMF for Mauritania on behalf of the Arab Governors, at the Joint Annual Discussion
PDF File Size: 18Kb
September 26, 1999 -- Statement by The Honorable Sultan Nasser Al-Suwaidi Governor United Arab Emirates, Interim Committee Meeting, September 26, 1999
The Interim Committee member for the constituency consisting of Kingdom of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Socialist People's Libyan Arab Jamahiriya, Maldives, Oman, Qatar, Syrian Arab Republic, United Arab Emirates and Republic of Yemen
October 07, 1998 -- Statement by the Hon. Mohamed A. Bait Elmal, Governor of the World Bank for the Socialist People's Libyan Arab Jamahiriya, at the Joint Annual Discussion
PDF File Size: 29Kb
September 24, 1997 -- Statement by the Hon. Mohamed A. Bait Elmal, Governor of the World Bank for the Socialist People's Libyan Arab Jamahiriya, at the Joint Annual Discussion.
PDF File Size: 27Kb
May 01, 1994 -- The Arab Maghreb Union
Author/Editor: Finaish, Mohamad Ali | Bell, Eric
Series: Working Paper No. 94/55
Notes: The paper also examines the relationship of the Arab Maghreb Union (AMU) countries with the European Union.

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