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Libya: IMF Executive Board Concludes 2024 Article Iv Consultation With Libya

Libya: IMF Executive Board Concludes 2024 Article Iv Consultation With Libya

Washington, DC — The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Libya on Monday, July 1, 2024.

Libya remains a fragile state trapped in political uncertainty, but the episodes of active conflict have become less frequent. Several shocks have hit the country, but their impact on GDP growth has been muted. Tropical storm Daniel struck Eastern Libya in September 2023, leading to devastating floods, catastrophic damage, and a tragic loss of…

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