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Vol 44 No 16

Published 8th August 2003


Libya

Opening the books

It did not take long for new head of government Shukri Ghanem, a leading liberal by the standards of the Socialist People's Libyan Arab Jamahiriya ('State of the Masses'), to signal his intentions. Following on from a string of grandiose statements by Revolutionary Leader Moammar el Gadaffi that Libya would now encourage private investment, the new government agreed to abide by Article VIII of the International Monetary Fund's Articles of Agreement.

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