The Socialist People’s Libyan Arab Jamahiriya: Selected Issue: Medium-Term Economic Reform Strategy, and Statistical Appendix

Volume/Issue: Volume 2006 Issue 137
Publication date: April 2006
ISBN: 9781451823080
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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , government , Libya , oil revenue , GDP , net creditor position , government buy-back , CBL authority , government policy , Privatization , Commercial banks , Foreign direct investment , Bank resolution , Maghreb , Middle East

Summary

This Selected Issues paper aims to present a medium-term reform strategy that could be pursued by Libya to accelerate its transition to a market economy. The paper reviews the main characteristics of the Libyan economy, and medium-term prospects under current policies. It examines the priority reforms that Libya needs to implement to accelerate its transition to a market economy, while maintaining macroeconomic stability. The paper also reviews a second set of reforms that aim to consolidate the reform process and advance the restructuring of the economy in favor of the non-oil sector.