METAC’s resources are available to (i) identify and design measures to strengthen specific aspects of economic and financial management; (ii) prepare detailed implementation plans based on the diagnostic work conducted by IMF-Headquarters; (iii) provide policy and technical advice either by the Center’s resident advisers or by experts from the IMF roster; (iv) organize hands-on training, seminars, workshops to allow for peer-to-peer learning and disseminate good practices; (v) review proposals by governments for consistency with internationally agreed standards, and (vi) coordinate activities with other technical assistance providers.
Libya’s political and security environment has remained fragile following the revolution. The country faces the challenges of stabilizing the economy, rebuilding institutions and infrastructure, and reducing hydrocarbon dependency. Since the intensification of conflicts in 2014, METAC has reduced its activities in Libya. The Center’s current assistance entails to preserve the institutional and human capacity by providing training to officials on Islamic finance and national accounts in off-site locations.