IMF concludes visit to Libya

The IMF has concluded a weeklong staff visit to Libya where it was assessing the latest economic conditions, as well as the macroeconomic outlook, and the country’s policy and reform priorities. The outcomes were seemingly positive with an IMF statement backing the measures taken to resolve the dispute over the leadership of the central bank, plus supporting the Central Bank of Libya (CBL) efforts to facilitate access to foreign exchange and alleviate shortages of local currency. The IMF also stressed that it was critical for the authorities to agree on spending priorities through an approved unified budget for 2025.