01658cas a2200241 a 4500 AALejournalIMF013355 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475528954 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Fiscal Affairs Dept. Libya : Technical Assistance Report-Public Financial Management Reform Priorities in the New Environment. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (62 pages) IMF Staff Country Reports <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 Libya faces a number of challenges to establishing a robust, efficient, and transparent public financial management system. There is a need to establish a clear macrofiscal policy framework. The Sovereign Wealth Fund (SWF) should be a financing fund system with clear and rigid inflow and outflow rules and should be based on clear and regulated investment criteria. Under the existing legal and regulatory framework, budget expenditures cannot exceed the initial ceilings specified in the annual budget law. This should be strictly enforced. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/036 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/036/002.2013.issue-036-en.xml IMF e-Library