Libya’s high oil income stifles commercial bank lending to the private sector – IMF Working Paper

By Sami Zaptia.

Tripoli, 25 May 2013:

An IMF Working Paper entitled “Searching for the Finance-Growth Nexus in Libya” written by Serhan Cevik and Mohammad Rahmati concludes that there is “a negative correlation between the hydrocarbon windfall and commercial bank lending to the private sector”.

http://www.libyaherald.com/2013/05/25/libyas-high-oil-income-stifles-commercial-bank-lending-to-the-private-sector-imf-working-paper/