International Monetary Fund (IMF) Staff Concludes Visit to Libya

Despite the devastating floods, Libya’s medium-term economic outlook remains positive due to the projected high oil prices

We express our deepest condolences to the people of Libya for the tragic loss of life and widespread devastation caused by flooding in September; The announced central bank reunification has led to welcome improvements in banking supervision and monetary policy coordination. It will also help with moving the reform agenda forward; Libya…

Libya: Staff Concluding Statement of the 2023 Article IV Mission

Libya’s institutional framework has helped the country through a period of significant macroeconomic volatility and turmoil

An International Monetary Fund (IMF) mission held discussions for the 2023 Article IV consultation for Libya in Tunis, Tunisia during March 11-17. The mission issued the following statement at the conclusion of the mission: We welcome the opportunity to reengage with Libya via an Article IV consultation after a decade-long…

IMF Executive Board Approves US$2.9 billion Extended Arrangement under the Extended Fund Facility for Tunisia

The Executive Board of the International Monetary Fund (IMF) today approved a 48-month extended arrangement under the Extended Fund Facility (EFF) with Tunisia for an amount equivalent to SDR 2.04 billion (about US$2.9 billion, or 375 percent of Tunisia’s quota) to support the country’s economic and financial reform program detailed…