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Monday, March 11, 2013

GREAT NEWS: More Than 100% Growth in Libya Economy Last Year IMF Says

More Than 100% Growth in Libya Economy Last Year IMF Says

According to the International Monetary Fund, IMF, Libya's economy grew more than 100 percent last year as its economy continues to recover from the 2011 Revolution that ousted the dictatorial regime of Muammar Gaddafi.

Ralph Chami who led an IMF mission to Libya and held discussions with authorities from the country said: “The financial situation began to normalise after most of the UN sanctions that had frozen Libya’s foreign assets were lifted on December 16, 2011, allowing the central bank to provide foreign exchange liquidity to banks and help normalize commercial banking operations."...............

FULL ARTICLE: More Than 100% Growth in Libya Economy Last Year IMF Says

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