Browsing: imf

The adoption of a budget for the rest of 2025, capacity building for the Central Bank, and modernization of the tax and customs system were some of the measures agreed upon by the Syrian government and a team from the International Monetary Fund.

A disruption in oil exports impacted the Arab country’s growth last year, but GDP is expected to benefit from the sector’s expansion in 2025, according to the IMF. Libyans are currently producing nearly 1.4 million barrels per day.

In a meeting with the cabinet, the president highlighted that the 2025 budget has been approved, and that the country should implement the suggestions made by the International Monetary Fund delegation.

A report released by the International Monetary Fund on Tuesday (11) presents a projection of growth for the economy of the Arab country, mainly based on public investments, strong tourism, and the increase in natural gas production.

The Central Bank of Libya has taken a series of measures in the foreign exchange market that are benefiting the economy, according to an analysis by the IMF. Disruptions in oil production led the institution to lower the country’s GDP growth forecast for 2024, but the estimate for 2025 has improved.