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The International Monetary Fund (IMF) expects prices and inflation rates to continue to rise in Libya in 2022.

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  Tripoli, 26 April 2022 (Lana) The International Monetary Fund (IMF) predicts that prices and inflation rate in Libya will continue to rise to 7.3%, indicating that it could decline to 2.4% next year.

 In a report entitled "Global Economic Outlook 2022", the IMF said credibility of Libyan data, particularly with regard to calculations and medium-term projections, is low, against the backdrop of war and weak capacity.

Libya's GDP growth will reach 3.5% this year and is expected to rise to 4.4% in 2023 and fall to 3.6% in 2027, according to global economic outlook data.

The Governor of the Central Bank of Libya, Al Sidiq Al Kabir had earlier discussed with the Director of the Middle East and Central Asia Department of the International Monetary Fund (IMF) Jihad Azur and Deputy Director of the Department of Financial and Monetary Markets Mekel Savasano IMF support for the central bank's capabilities in the field of statistics, indicators, monetary policies and the program of visits of the fund's technical teams to Libya.

=Lana=