Socialist People's Libyan Arab Jamahiriya: 2008 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.
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Summary:
This Socialist People’s Libyan Arab Jamahiriya’s 2008 Article IV Consultation is focused on containing public expenditure to reduce inflation pressures, strengthening the monetary policy framework, and advancing financial sector reforms. Libya’s macroeconomic performance has been strong. GDP growth is broad-based and has strengthened further. Both the fiscal and external current account positions are in large surplus, and net foreign assets are accumulating rapidly. The medium-term outlook is favorable, underpinned by the expectation of high oil prices and increased infrastructure spending.
Series:
Country Report No. 2008/302
Subject:
Banking Commercial banks Expenditure External position Financial institutions Foreign assets Inflation Oil prices Prices
Notes:
Full text also available in Arabic.
English
Publication Date:
September 12, 2008
ISBN/ISSN:
9781451823127/1934-7685
Stock No:
1LBYEA2008002
Pages:
42
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