IMF: Libyan Economy Growing But Challenges Remain
Libyan economic growth in 2012 “exceeded 100%, reflecting a strong recovery from its collapse during the revolution,” the International Monetary Fund (IMF) said on 8 March following Article IV consultation in Tripoli. Given the continued ramp-up in reconstruction expenditure and private demand, the IMF projects non-hydrocarbon growth to average a bumper 15% for 2013-18. But Libya needs to reduce...
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