Libya : 2013 Article IV Consultation

Publication Date: May 31, 2013
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Summary: The political and security environment remains uncertain in Libya. Libya faces the challenges of stabilizing the economy and responding to the aspirations of the revolution. The near-term outlook is favorable, but there are significant risks. The overarching policy objective should be to foster inclusive growth. Banks are not intermediating, and resources should be devoted to its effective implementation. Expenditure is skewed toward wages and subsidies. Libya needs to adopt a comprehensive reform strategy. The government agrees with the assessment of the economic outlook and associated risks and policy options as outlined by Executive Directors.
Series: Country Report No. 13/150
Subject(s): Article IV consultation reports | Economic growth | Hydrocarbons | Nonoil sector | Fiscal policy | Monetary policy | Banking sector | Bank supervision | Islamic banking | Exchange rate assessments | Economic indicators | Staff Reports | Public information notices | Libya

Publication Date: May 31, 2013
ISBN/ISSN: 9781484399026/1934-7685 Format: Paper
Stock No: 1LBYEA2013002 Pages: 50
US$18.00 (Academic Rate:
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