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
September 21, 2009
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Libya’s macroeconomic performance in 2008 has been strong, with real GDP growth of about 4 percent, and record fiscal and external surpluses. The staff report for Libya’s 2009 Article IV Consultation underlies economic developments and policies. The outlook has been adversely affected by the global crisis mostly through a decline in oil prices and output. This outlook is subject to downside risks relating to a further worsening in global economic conditions or a wavering of the efforts to improve the quality of public expenditure and advance structural reforms.
Subject: Balance of payments statistics, Commercial banks, Economic and financial statistics, Expenditure, Financial institutions, National accounts, Oil prices, Prices
Keywords: authority, Balance of payments statistics, broad money growth, budget transparency, central bank, Commercial banks, CR, economy, Global, intention of the Central Bank of Libya, ISCR, Libya, Middle East, Oil prices, service fee, share in the economy, surplus
Pages:
44
Volume:
2009
DOI:
Issue:
294
Series:
Country Report No. 2009/294
Stock No:
1LBYEA2009001
ISBN:
9781451823134
ISSN:
1934-7685
Notes
Full text also available in Arabic.
