25/06/2025
International Monetary Fund (IMF) Executive Board Concludes the 2025 Article IV Consultation with Libya
Download logo The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Libya.[1] The Executive Boardrsquo;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 hydrocarbon sector. At the same time, non-hydrocarbon growth remained robust on the back of sustained government spending. Both the current and the fiscal accounts have swung from a surplus in 2023 to a deficit in 2024. Reported inflation remained low. The outlook continues to be dominated by developments in the oil sector. Real GDP growth is projected to rebound in...
