02290cas a2200241 a 4500 AALejournalIMF012718 230101c9999 xx r poo 0 0eng d 20.00 USD 9781475504392 2616-5333 BD-DhAAL BD-DhAAL International Monetary Fund. Libya Beyond the Revolution : Challenges and Opportunities. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (28 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the aftermath of the revolution of 2011, Libya faces the complex task of rebuilding its economy, infrastructure, and institutions, and responding to the demands of the population, especially for improved governance. The conflict that accompanied the revolution had a severe impact on the economy, and international financial institutions have responded to the request of the Libyan authorities to provide policy consultations and technical assistantce to help maintain macroeconomic stability. Libya's National Transitional Council (NTC) has taken steps to promote a peaceful political transition, normalize economic conditions, and set out a national reform agenda. In the short term, the authorities must restore security, bring hydrocarbon production fully online, exercise fiscal discipline, resuscitate the banking system, and maintain macroeconomic stability. Medium-term efforts should focus on capacity building, infrastructure renewal, private-sector development, improving education, job creation, and putting in place an effective social safety net, within a framework of transparent and accountable governance. This paper discusses the risks to economic recovery and measures to promote economic diversification and employment growth. Mode of access: Internet Departmental Papers; Departmental Paper ; No. 2012/003 Full text available on IMF http://elibrary.imf.org/view/journals/087/2012/003/087.2012.issue-003-en.xml IMF e-Library