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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes the 2025 Article IV Consultation with Libya

Real GDP growth is estimated to have declined to around 2 percent in 2024 from 10 percent in 2023, driven by a contraction in the hydrocarbon sector

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Libya.[1] The Executive Board’s decision was taken on a lapse-of-time basis. Real GDP growth is estimated to have declined to around 2 percent in 2024 from 10 percent in 2023, driven by a contraction in the…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Libya: Staff Concluding Statement of the 2025 Article IV Mission

Official inflation stood at close to 2 percent in 2024, reflecting extensive subsidies and affected by measurement issues

The dispute over the leadership of the central bank last August and the associated disruption in oil production weighed on growth in 2024. Output is estimated to have contracted, driven by the forced contraction in hydrocarbon GDP, but offset somewhat by the expansion in non-oil activities fueled by sustained government spending. Following the…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Libya: Staff Concluding Statement of the 2024 Article IV Mission

Despite recent progress on some governance indicators, corruption is perceived to be an important concern in Libya

Libya's short- and medium-term economic outlook is dominated by the dynamics of hydrocarbon production. Libya urgently needs a clear economic vision for the future and the IMF will continue to help the authorities by providing capacity development support in several areas; The announced central bank reunification has led to welcome improvements…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…