The International Monetary Fund and Economic Reform Issues: A Case Study of Libya

Abstract

This study aims to examine the relationship between the international monetary fund (IMF), and the economic reforms issues announced by it, and analyze the natural of this relationship from a critical perspective. This is in order to gain a deeper understanding of the positive and negative outcomes of the tools used by the international monetary fund (IMF) in developing countries.

Used the descriptive approach to observe the theoretical and historical framework of the international monetary fund in the global economy, and to describe the principles and objectives of economic reform programs, the study also used the analytical approach to analyze the effects of these programs on macroeconomic performance indicators such as growth, inflation, budget deficit, as well as on social indicators (such as unemployment, poverty and government support). 

This study has shown that IMF has a positive impact reform issues in many countries by helping them overcome macroeconomic, especially those problems resulting from deficits in the balance of payment of those countries, as well as issues related to the restructuring of financial and monetary institutions, and corruption.