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
May 4, 2007
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This 2006 Article IV Consultation highlights that Libya has made efforts to liberalize its economy and foreign trade, achieving increasing economic growth while maintaining macroeconomic stability. In 2006, economic conditions continued to be satisfactory. Real GDP grew about 5½ percent, reflecting an increase of 4½ percent in the value added of the hydrocarbon sector. In 2006, structural reform continued with the implementation of a wide range of measures covering fiscal management and taxation, banking and payments systems, trade, and the business environment.
Subject: Balance of payments statistics, Budget planning and preparation, Commercial banks, Economic and financial statistics, Expenditure, Labor, National accounts, Public financial management (PFM), Wage adjustments
Keywords: Balance of payments statistics, Budget planning and preparation, CR, customs administration reform measure, East Africa, government, IMF staff representative, import monopoly, ISCR, Libya, Libyan authorities, Maghreb, Middle East, North Africa, staff appraisal, tourism sector, Wage adjustments
Pages:
43
Volume:
2007
DOI:
Issue:
149
Series:
Country Report No. 2007/149
Stock No:
1LBYEA2007002
ISBN:
9781451823103
ISSN:
1934-7685
Notes
Also Available in Arabic
