Magharebia (Washington DC)

Libya: IMF Commends Libya Economic Performance

11 March 2013

Libya's 2012 economic growth reflects a strong recovery since the country's revolution, a visiting mission from the International Monetary Fund (IMF) concluded.

"The latest indicators point to a recovery of hydrocarbons production in the course of this year and a full recovery of the growth in the non-hydrocarbon sector in 2014," PANA quoted IMF official Ralph Chami as saying on Sunday (March 10th).

In related news, supplies of Libyan natural gas to Italy via the Greenstream pipeline resumed Sunday after a week-long interruption caused by clashes between former rebels, the Mellitah Oil and Gas Company said.

The company is a joint venture by Italian energy group ENI and Libya's state-run National Oil Corporation.

  • Comment

Copyright © 2013 Magharebia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment