By John Lee. A new report from the International Monetary Fund says that Libya's economy is expected to shrink by 19.8 percent this year as a result of the security crisis in the country. This follows a 13.6 percent fall in GDP in 2013. A growth rate of 15 percent is predicted for 2015. Inflation […]
Tag Archives | IMF
IMF Praises Libyan Economic Recovery
An International Monetary Fund (IMF) mission led by Mr. Ralph Chami visited Tripoli during February 20–March 7, 2013, to conduct discussions with the Libyan authorities in the context of the annual Article IV consultations. Discussions focused on measures to improve the business environment to foster inclusive growth based on diversification of the economy underpinned by […]
CBL Governor Optimistic on Libya’s Economy
The Governor of the Central Bank of Libya (CBL), Saddek Elkaber (pictured), said that he was very optimistic about the Libyan economy in 2013, reports Libya Herald. He told SkyNewsArabia that the CBL’s overseas frozen assets of around $126 billion had all been released and that releasing them does not mean that Libya is going […]
IMF Demands Reform in Libya
Libya needs to establish a clear macro-fiscal policy framework with a consistent fiscal rule reflecting the country’s economic objectives and the volatile nature of revenues, says a report from the International Monetary Fund (IMF). It adds that the Sovereign Wealth Fund (SWF) managed by the Libyan Investment Authority (LIA) and the Budget Reserve Account at […]
Arab Maghreb Union Creates Investment Bank
The five nations of the Arab Maghreb Union (AMU) have created a investment bank to finance infrastructure projects in the region, Sid Ahmed Ould Raiss, the governor of the Central Bank of Mauritania, said on Wednesday. The bank, with capital of $100 million (LD 125 million), will start operations by the end of the first quarter […]
Tags: Arab Maghreb Union (AMU), IMF
Libya's Prosperous Future
By editor2 on 13th November 2012 in Construction & Engineering, Employment, Industry & Trade, Investment, Oil & Gas, Politics, Public Works, Security
The International Monetary Fund (IMF) has just given its opinion on the state of the Libyan economy, and it makes for interesting reading. To take just a few examples: Hydrocarbon production is close to 90 percent of the pre-conflict level, and should have fully recovered in the coming year; Non-resource sectors have also seen a […]
Regional Growth Flattered by Libyan Recovery - IMF
The IMF reports that the Middle East and Central Asian region’s oil-exporting countries are expected to post solid growth in 2012, largely on account of Libya’s better-than-expected post-conflict recovery: Libya’s post-revolution recovery in hydrocarbon production has advanced faster than expected, reaching close to 90 percent of the pre-conflict level. Despite daunting challenges in the aftermath […]
IMF sees Libya economic growth doubling this year
Libya's economy is likely to rebound sharply this year from a deep contraction in 2011 as the country rebuilds from civil war and oil production recovers to levels last seen during Muammar Gaddafi's rule, the International Monetary Fund said on Tuesday. In a report recently published on Libya's economy, the IMF said the fund forecast […]
Tags: IMF, Libyan Economy