* Libya's oil production down more than 95 pct-IMF
* IMF ready to travel to Libya to assess situation
WASHINGTON, Sept 22 Libya's new rulers are in
discussions with the International Monetary Fund but have not
yet asked for financial aid, a top fund official said on
The IMF is gearing up to go to Tripoli to assess the
country's financial infrastructure after a six-month conflict
forced Muammar Gaddafi's government out of power.
"At this stage, the conversations have been around the
technical work that will be done," Masood Ahmed, the fund's
Middle East and Central Asia director told reporters before
weekend meetings of the International Monetary Fund and the
World Bank in Washington.
"They have not asked us for any financial assistance at
this point," Ahmed said.
The IMF recently endorsed Libya's National Transitional
Council and is eyeing ways to restore the country's payment and
Libya's main source of revenue is derived from oil
production, which the IMF said has dropped by more than 95
percent since protests broke out in February.
Ahmed said the drop in oil production has caused a
"significant deterioration in the external accounts and in the
"We also understand... that bringing the oil production
back to its original pre-conflict level will take some time,"
he said. "People say it is not something that will come back in
the next 12 months."
(Reporting by Rachelle Younglai, Editing by Chizu Nomiyama)