Libya: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Libya

Libya: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Libya
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Volume/Issue: Volume 2024 Issue 206
Publication date: July 2024
ISBN: 9798400281075
$20.00
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Banks and Banking , Economics- Macroeconomics , Public Finance , clearance certificate , balance of payments reason , METAC mission , certificate of payment , staff's assessment , Exchange rates , Exchange restrictions , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Global , Africa

Summary

Libya remains a fragile state trapped in political uncertainty. Episodes of active conflict have become less frequent, but the country remains de facto divided between the West and the East and fragmented among various militias with competing objectives. The political economy constraints and inadequate capacity hinder the authorities’ ability to implement Fund policy advice.