Tag Archives | IMF

Libyan Premier Says 2.5 Million Registered to Vote in Election

Libyan Prime Minister Abdurrahim el- Keib said that more than 2.5 million Libyans have already registered to vote in elections in June for a national legislature tasked with writing a new constitution. “Work is continuing in order to complete the final preparations so that the elections will be held on time,” el- Keib said at […]

Was the Arab Spring Good for Renewable Energy?

The revolutions that have been taking place in the Arab world since December 2010 have had a significant impact on the economy, not only in the countries involved, but also the rest of the World. How is the Arab Spring, which has caused massive financial losses on one side, also able to influence growth and […]

Libya on Recovery Path but Faces Long Rebuilding Effort

  Libya faces urgent, costly task of rebuilding its economy Improved institutions, management of resources to help unleash potential IMF remains committed to helping Libya through capacity building Libyan oil production has recovered faster than expected following the overthrow of Muammar Gaddafi, but the country faces the challenges of building modern institutions, repairing infrastructure, and […]

IMF sees $160 oil risk despite Libyan boost

The Libyan state oil company NOC said it will export almost 1.4m barrels a day (b/d) next month as key oil fields come back on stream. The announcement came after Saudi Arabia said it had boosted output to a near record level of 9.87m b/d in January and stood ready to cover any shortfall as […]

Oil in Libya 2012 budget

Libya’s 2012 proposed budget draws heavily on oil revenues, forecast to reach about $54 billion or 41 billion euros, to compensate for the loss of corporate tax revenues in last year’s conflict. “Libyan state revenues for this year will depend heavily on oil revenues,” a senior official was quoted as saying late on Thursday. The […]

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Restoring oil output key to Libya's recovery: IMF

Restoring oil and gas production in Libya is key to rebuilding the country and reviving the economy after an eight-month civil war, the International Monetary Fund said on Monday, while it warned the government's finances remained "precarious." The IMF forecast that Libya's economic activity would recover in 2012 as more oil production comes on stream […]

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