Libya's new central bank rolls out red carpet for IMF

Libya’s new central bank has a new governor, Omar Elkaber, and Omar’s got a brand new plan.

Gone are the bad old days when Libya had huge cash reserves and massive annual budget surpluses. That kind of irresponsible money management is deader than Gaddafi. According to Omar, Libya’s banking system needs a complete overhaul, and who better to guide that overhaul than the IMF and the World Bank?

Omar says that the IMF and the World Bank have already spent two or three years laying the groundwork for the new Libyan central bank. How incredibly serendipitous!  How could they have known two or three years ago that a spontaneous revolution would break out in February of 2011? What a fantastic stroke of good fortune!

“The IMF and World Bank have a roadmap” Omar informs us.

I’ll just bet they do. Does it show Greece on it? How about Iceland?..

Let the plunderfest begin.