Photo Credit: Cinoby/iStock by Getty Images June 12, 2023/IMF IMF COUNTRY FOCUS By the Libya team, IMF Middle East and Central Asia Department Libya has been mired in conflict and political uncertainty since the fall of the Ghaddafi regime in 2011. Until recently, the country’s fragmentation hampered policymaking and the […]

(Credit: Vasili Binzari/iStock by Getty Images) June 12, 2023/IMFBlog By Antoinette M. Sayeh, Mahmoud Harb, and Jacques Charaoui In an uncertain world, budget revenue and spending often end up far away from government plans. Volatile growth, high universal subsidies, and loss-making state-owned enterprises expose many low- and middle-income economies in the Middle East, […]

June 13, 2023/CSL Research Based on news reports on Saturday, President Bola Ahmed Tinubu has signed the 2023 Electricity Act into law. The new law authorizes states, companies, and individuals to generate, transmit and distribute electricity. The new electricity law repeals the Electric Power Sector Reform Act (EPSRA) which was […]