International Monetary Fund forecasts of global growth rates in 2023

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The International Monetary Fund expected global growth rates, and the Libyan economy in 2023 to be in advanced positions globally and the strongest in Africa and the Middle East.

This is after the recovery recorded by the Libyan economy and the increasing rates of investment spending on the oil sector and development projects. The stability of the exchange rate and the credit policy of the banking sector also enhanced investment opportunities for the private sector in service and production activities and financing foreign trade.