01613cas a2200241 a 4500 AALejournalIMF013631 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484387399 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Libya : Selected Issues. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (14 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 The cost of energy subsidies is large, and reduces the fiscal space available for public expenditure priorities, including education, health, and infrastructure. Libya's ample hydrocarbon wealth will allow it to reform subsidies while protecting the poor. A gradual phasing out of subsidies would allow adjustment in consumption and minimize the inflationary impact, thereby allowing the social assistance system to be strengthened. After a transfer mechanism is in place to facilitate fuel and electricity subsidy reform, food subsidy reform should be undertaken. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/151 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/151/002.2013.issue-151-en.xml IMF e-Library