IMF staff have warned that Libya’s fiscal and current account deficits will worsen as lower oil prices and high public spending strain the economy. After meetings with the Central Bank of Libya in Tunis, the IMF cited political divisions, the lack of a unified budget and ongoing uncontrolled expenditure. The Fund urged comprehensive reforms, faster subsidy restructuring and stronger budget discipline, reaffirming its support for improving Libya’s economic stability and institutional capacity.
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IMF Warns of Libya’s Growing Deficit
Business
19/11/2025
IMF staff have warned that Libya’s fiscal and current account deficits will worsen as lower oil prices and high public spending strain the economy. After meetings with the Central Bank of Libya in Tunis, the IMF cited political divisions, the lack of a unified budget and ongoing uncontrolled expenditure. The Fund urged comprehensive reforms, faster subsidy restructuring and stronger budget discipline, reaffirming its support for improving Libya’s economic stability and institutional capacity.
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