IMF Staff Country Reports

Libya: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Libya

Publication Date:

June 8, 2023

Electronic Access:

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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.

Series:

Country Report No. 2023/201

Subject:

International organization Monetary policy

Frequency:

regular