Middle East Economic Survey

VOL. LIII

No 46

15-Nov-2010

LIBYA

IMF Sees Libyas Economy Strengthening Over Medium Term

Oil production in Libya is projected to increase to approximately 2.5mn b/d by 2015 on account of both large investments and the utilization of advanced technologies by its foreign partners, the IMF said in its Article IV consultation with Libya, published on 28 October. Moreover, the non-hydrocarbon sector is also expected to remain buoyant, with growth figures of around 8%...