Socialist People's Libyan Arab Jamahiriya : Country Economic Report

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/23979

关键词：

ACCOUNTABILITY;  ACCOUNTING;  ADVERSE EFFECTS;  ADVERSE IMPACT;  AGRICULTURE;  ANNUAL BUDGET;  ANNUAL BUDGET PROCESS;  AUDIT SYSTEM;  AUDITORS;  BANKING LAW;  BANKING SECTOR;  BANKING SUPERVISION;  BANKING SYSTEM;  BID;  BUDGET CLASSIFICATION;  BUDGET CLASSIFICATION SYSTEM;  BUDGET EXECUTION;  BUDGET FORMULATION;  BUDGET INFORMATION;  BUDGET PREPARATION;  BUDGET PROCESS;  BUDGETARY EXPENDITURE;  BUDGETARY EXPENDITURES;  BUSINESS REGULATIONS;  CAPACITY BUILDING;  CAPITAL EXPENDITURES;  CAPITAL REQUIREMENT;  CASH TRANSFERS;  CENTRAL BANK;  CIVIL SERVANTS;  COMMAND ECONOMY;  COMMERCIAL BANKS;  COMMODITIES;  CONSUMPTION GOODS;  CONTINGENT LIABILITIES;  CORPORATE GOVERNANCE;  CORPORATE INCOME TAX;  CORPORATE TAX RATE;  COST-EFFECTIVENESS;  DEBT;  DECENTRALIZATION;  DECONCENTRATION;  DEFLATION;  DEPOSITS;  DISCOUNT RATE;  DOMESTIC INVESTMENT;  DOMESTIC MARKET;  ECONOMIC GROWTH;  ECONOMIC INFORMATION;  ECONOMIC OBJECTIVES;  ECONOMIC VOLATILITY;  ECONOMIES IN TRANSITION;  EDUCATION SYSTEM;  EFFICIENCY GAINS;  EFFICIENCY IMPROVEMENTS;  ELECTRICITY;  EQUALIZATION;  EXCHANGE RATE;  EXPENDITURE FRAMEWORK;  EXPENDITURE MANAGEMENT;  EXPORTS;  EXTERNAL AUDIT;  EXTERNAL BALANCE;  FACTOR MARKETS;  FINANCIAL CONDITIONS;  FINANCIAL INSTITUTIONS;  FINANCIAL POSITION;  FINANCIAL RESOURCES;  FINANCIAL SECTOR;  FINANCIAL STATEMENTS;  FINANCIAL SYSTEM;  FISCAL ACTIONS;  FISCAL DEFICIT;  FISCAL DISCIPLINE;  FISCAL FRAMEWORK;  FISCAL POLICY;  FISCAL STANCE;  FISCAL SUSTAINABILITY;  FOREIGN DIRECT INVESTMENT;  FOREIGN INVESTMENT;  FOREIGN INVESTMENTS;  GDP;  GDP PER CAPITA;  GOVERNMENT INTERVENTION;  GOVERNMENT OUTLAYS;  GOVERNMENT REVENUES;  HARD BUDGET CONSTRAINTS;  HEALTH CARE;  HUMAN CAPITAL;  INCOME;  INCOME DISTRIBUTION;  INFLATION;  INTEREST RATE;  INTEREST RATES;  INTERNAL AUDIT;  INVESTMENT;  INVESTMENT CLIMATE;  INVESTMENT EXPENDITURES;  INVESTMENT INCENTIVES;  INVESTMENT PLANS;  INVESTMENT PROJECTS;  INVESTMENT STRATEGY;  INVESTOR CONFIDENCE;  LAWS;  LEGAL FRAMEWORK;  LEGISLATION;  LIVING STANDARDS;  LOAN CLASSIFICATION;  LOCAL GOVERNMENTS;  MACROECONOMIC PERFORMANCE;  MACROECONOMIC POLICIES;  MACROECONOMIC STABILITY;  MANAGEMENT CONTROL;  MARKET ECONOMY;  MIDDLE EAST;  MONETARY POLICY;  MULTILATERAL TRADE;  NATIONAL SAVINGS;  NET LENDING;  NET PRESENT VALUE;  NORTH AFRICA;  NPV;  OIL WINDFALLS;  OPEN MARKETS;  OPERATIONAL DECISIONS;  OWNERSHIP SHARES;  OWNERSHIP STRUCTURE;  PENSION LIABILITIES;  PENSIONS;  PERMANENT INCOME;  POLICY COMMITMENTS;  POLICY FORMULATION;  POLITICAL CAPITAL;  POLITICAL ECONOMY;  PORTFOLIO;  PORTFOLIOS;  PRIVATE INVESTMENT;  PRIVATE SECTOR;  PRIVATE SECTOR PARTICIPATION;  PRIVATIZATION;  PRODUCTIVITY;  PRODUCTIVITY GROWTH;  PROFITABILITY;  PROGRAMS;  PROPERTY OWNERSHIP;  PROVISIONING;  PROVISIONS;  PUBLIC;  PUBLIC ADMINISTRATION;  PUBLIC CAPITAL;  PUBLIC COMPANIES;  PUBLIC EMPLOYMENT;  PUBLIC ENTERPRISES;  PUBLIC EXPENDITURE;  PUBLIC EXPENDITURE EFFICIENCY;  PUBLIC EXPENDITURE SYSTEM;  PUBLIC FINANCE;  PUBLIC FINANCE MANAGEMENT;  PUBLIC FINANCIAL MANAGEMENT;  PUBLIC FINANCIAL MANAGEMENT SYSTEM;  PUBLIC INVESTMENT;  PUBLIC INVESTMENT IN INFRASTRUCTURE;  PUBLIC POLICY;  PUBLIC SECTOR;  PUBLIC SECTOR MANAGEMENT;  PUBLIC SERVICES;  PUBLIC SPENDING;  PURCHASING POWER;  REAL GDP;  REAL GROWTH;  REFORM AGENDA;  REFORM PROCESS;  REFORM PROGRAM;  REFORM STRATEGY;  RETIREMENT;  REVENUE PROJECTIONS;  REVENUE VOLATILITY;  RISK;  RISK MANAGEMENT;  SANCTIONS;  SECTOR POLICIES;  SOCIAL ASSISTANCE;  SOCIAL INSURANCE;  SOCIAL PROTECTION;  SOCIAL SAFETY NETS;  SOCIAL SECURITY;  STATE OWNED ENTERPRISES;  STRATEGIC INVESTOR;  STRATEGIC INVESTORS;  STRUCTURAL REFORM;  STRUCTURAL REFORMS;  TAXATION;  TELECOMMUNICATIONS;  TOTAL FACTOR PRODUCTIVITY;  TRADE LIBERALIZATION;  TRADE POLICY;  TRANSITION ECONOMIES;  TRANSPARENCY;  TREASURY;  UNCERTAINTY;  UNEMPLOYMENT;  UNEMPLOYMENT RATE;  UNEMPLOYMENT RATES;  VALUATION;  WAGES;  WEALTH;  WORLD TRADE ORGANIZATION;  WTO ACCOUNTABILITY;  ACCOUNTING;  ADVERSE EFFECTS;  ADVERSE IMPACT;  AGRICULTURE;  ANNUAL BUDGET;  ANNUAL BUDGET PROCESS;  AUDIT SYSTEM;  AUDITORS;  BANKING LAW;  BANKING SECTOR;  BANKING SUPERVISION;  BANKING SYSTEM;  BID;  BUDGET CLASSIFICATION;  BUDGET CLASSIFICATION SYSTEM;  BUDGET EXECUTION;  BUDGET FORMULATION;  BUDGET INFORMATION;  BUDGET PREPARATION;  BUDGET PROCESS;  BUDGETARY EXPENDITURE;  BUDGETARY EXPENDITURES;  BUSINESS REGULATIONS;  CAPACITY BUILDING;  CAPITAL EXPENDITURES;  CAPITAL REQUIREMENT;  CASH TRANSFERS;  CENTRAL BANK;  CIVIL SERVANTS;  COMMAND ECONOMY;  COMMERCIAL BANKS;  COMMODITIES;  CONSUMPTION GOODS;  CONTINGENT LIABILITIES;  CORPORATE GOVERNANCE;  CORPORATE INCOME TAX;  CORPORATE TAX RATE;  COST-EFFECTIVENESS;  DEBT;  DECENTRALIZATION;  DECONCENTRATION;  DEFLATION;  DEPOSITS;  DISCOUNT RATE;  DOMESTIC INVESTMENT;  DOMESTIC MARKET;  ECONOMIC GROWTH;  ECONOMIC INFORMATION;  ECONOMIC OBJECTIVES;  ECONOMIC VOLATILITY;  ECONOMIES IN TRANSITION;  EDUCATION SYSTEM;  EFFICIENCY GAINS;  EFFICIENCY IMPROVEMENTS;  ELECTRICITY;  EQUALIZATION;  EXCHANGE RATE;  EXPENDITURE FRAMEWORK;  EXPENDITURE MANAGEMENT;  EXPORTS;  EXTERNAL AUDIT;  EXTERNAL BALANCE;  FACTOR MARKETS;  FINANCIAL CONDITIONS;  FINANCIAL INSTITUTIONS;  FINANCIAL POSITION;  FINANCIAL RESOURCES;  FINANCIAL SECTOR;  FINANCIAL STATEMENTS;  FINANCIAL SYSTEM;  FISCAL ACTIONS;  FISCAL DEFICIT;  FISCAL DISCIPLINE;  FISCAL FRAMEWORK;  FISCAL POLICY;  FISCAL STANCE;  FISCAL SUSTAINABILITY;  FOREIGN DIRECT INVESTMENT;  FOREIGN INVESTMENT;  FOREIGN INVESTMENTS;  GDP;  GDP PER CAPITA;  GOVERNMENT INTERVENTION;  GOVERNMENT OUTLAYS;  GOVERNMENT REVENUES;  HARD BUDGET CONSTRAINTS;  HEALTH CARE;  HUMAN CAPITAL;  INCOME;  INCOME DISTRIBUTION;  INFLATION;  INTEREST RATE;  INTEREST RATES;  INTERNAL AUDIT;  INVESTMENT;  INVESTMENT CLIMATE;  INVESTMENT EXPENDITURES;  INVESTMENT INCENTIVES;  INVESTMENT PLANS;  INVESTMENT PROJECTS;  INVESTMENT STRATEGY;  INVESTOR CONFIDENCE;  LAWS;  LEGAL FRAMEWORK;  LEGISLATION;  LIVING STANDARDS;  LOAN CLASSIFICATION;  LOCAL GOVERNMENTS;  MACROECONOMIC PERFORMANCE;  MACROECONOMIC POLICIES;  MACROECONOMIC STABILITY;  MANAGEMENT CONTROL;  MARKET ECONOMY;  MIDDLE EAST;  MONETARY POLICY;  MULTILATERAL TRADE;  NATIONAL SAVINGS;  NET LENDING;  NET PRESENT VALUE;  NORTH AFRICA;  NPV;  OIL WINDFALLS;  OPEN MARKETS;  OPERATIONAL DECISIONS;  OWNERSHIP SHARES;  OWNERSHIP STRUCTURE;  PENSION LIABILITIES;  PENSIONS;  PERMANENT INCOME;  POLICY COMMITMENTS;  POLICY FORMULATION;  POLITICAL CAPITAL;  POLITICAL ECONOMY;  PORTFOLIO;  PORTFOLIOS;  PRIVATE INVESTMENT;  PRIVATE SECTOR;  PRIVATE SECTOR PARTICIPATION;  PRIVATIZATION;  PRODUCTIVITY;  PRODUCTIVITY GROWTH;  PROFITABILITY;  PROGRAMS;  PROPERTY OWNERSHIP;  PROVISIONING;  PROVISIONS;  PUBLIC;  PUBLIC ADMINISTRATION;  PUBLIC CAPITAL;  PUBLIC COMPANIES;  PUBLIC EMPLOYMENT;  PUBLIC ENTERPRISES;  PUBLIC EXPENDITURE;  PUBLIC EXPENDITURE EFFICIENCY;  PUBLIC EXPENDITURE SYSTEM;  PUBLIC FINANCE;  PUBLIC FINANCE MANAGEMENT;  PUBLIC FINANCIAL MANAGEMENT;  PUBLIC FINANCIAL MANAGEMENT SYSTEM;  PUBLIC INVESTMENT;  PUBLIC INVESTMENT IN INFRASTRUCTURE;  PUBLIC POLICY;  PUBLIC SECTOR;  PUBLIC SECTOR MANAGEMENT;  PUBLIC SERVICES;  PUBLIC SPENDING;  PURCHASING POWER;  REAL GDP;  REAL GROWTH;  REFORM AGENDA;  REFORM PROCESS;  REFORM PROGRAM;  REFORM STRATEGY;  RETIREMENT;  REVENUE PROJECTIONS;  REVENUE VOLATILITY;  RISK;  RISK MANAGEMENT;  SANCTIONS;  SECTOR POLICIES;  SOCIAL ASSISTANCE;  SOCIAL INSURANCE;  SOCIAL PROTECTION;  SOCIAL SAFETY NETS;  SOCIAL SECURITY;  STATE OWNED ENTERPRISES;  STRATEGIC INVESTOR;  STRATEGIC INVESTORS;  STRUCTURAL REFORM;  STRUCTURAL REFORMS;  TAXATION;  TELECOMMUNICATIONS;  TOTAL FACTOR PRODUCTIVITY;  TRADE LIBERALIZATION;  TRADE POLICY;  TRANSITION ECONOMIES;  TRANSPARENCY;  TREASURY;  UNCERTAINTY;  UNEMPLOYMENT;  UNEMPLOYMENT RATE;  UNEMPLOYMENT RATES;  VALUATION;  WAGES;  WEALTH;  WORLD TRADE ORGANIZATION;  WTO;  Report;  Rapport;  Informe; 

年份：

2006

出版地：

Washington,USA

语种：

English

摘要：

The Libyan economy is dominated by hydrocarbons and the public sector. Sizeable oil wealth has supported decent living standards for Libya's population and socioeconomic development compares favorably with standards in other Middle Eastern and North African countries. Libya has the potential to raise oil production and revenues significantly in coming years given its large reserve base- but the main challenge for Libya is to promote growth of the non-oil sector, and spur diversification of its economy. Non hydrocarbon GDP growth has been weak and oil revenue volatility has been transmitted to non-hydrocarbon GDP growth. Weak non-oil GDP growth reflects both insufficient private investment and low productivity of capital Improving efficiency and productivity growth is a precondition for faster growth and a greater investment effort. Strong productivity growth is also a prerequisite for competitive diversification out of hydrocarbons. Projected high oil revenues will provide finance for growth but will not necessarily spur sustained growth in the non-oil sector. The decisions concerning public investment in (social and economic) infrastructure would better be de-linked from the presence of hydrocarbon windfalls. To foster non-oil growth and job creation, the oil windfalls should be used strategically, with the aim of facilitating the transition to a competitive, market-led economy. Over the long term, the intermediation of hydrocarbon windfalls through the household and business sectors might produce superior long run growth performance, but should go in tandem with considerable strengthening of the investment climate. Enhancing the quality of Libya's human resources will also be essential to improve productivity, diversify out of oil-especially in services-and compete in the global economy. Improving the quality of governance would also deserve particular attention because it underlies the development reform agenda. This report focuses on strengthening public financial management, the investment climate in open markets, reforming state-owned enterprises, priorities in financial sector reform, and enhancing social protections.