REUTERS - The International Monetary Fund (IMF) is prepared to provide external financing to Libya if necessary but does not expect the country to need such help beyond the short term, a senior official of the global lender said on Monday.
"If there is a need for short-term financing, the IMF is there to provide," Masood Ahmed, director of the Fund's Middle East and Central Asia department, said in an interview.
But he added that Libya was not likely to need an extended aid programme, since an estimated $150bn of sovereign assets once controlled by former Libyan leader Muammar Gaddafi and his inner circle, now frozen abroad, were expected eventually to be available to the country.
"In the medium term, it should be able to finance itself," he said.