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    • New National Strategy to Boost Libyan Economy Through Free Zones and Transit Trade
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New National Strategy to Boost Libyan Economy Through Free Zones and Transit Trade

Through close collaboration with relevant stakeholders, the Ministry will develop specific action plans for each economic zone, securing resources and unlocking their potential to ignite economic growth and attract thriving investments

The Ministry of Economy and Trade in Libya, in collaboration with international experts from Expertise France (www.ExpertiseFrance.fr) and with the support of the European Union (EU), has finalized an in-depth National Free Zone and Transit Trade Strategy. This strategy aims to revitalize and develop the Libyan economy by attracting foreign…

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    • The European Union (EU) Launches EU4Skills Initiative to Enhance Employability and Bridge Skills Gap in Libya
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The European Union (EU) Launches EU4Skills Initiative to Enhance Employability and Bridge Skills Gap in Libya

This collaborative effort will address critical issues such as aligning education and training with job market needs and boosting digital technology use in economic activities

The European Union (EU) and Expertise France (www.ExpertiseFrance.fr) have announced the launch of the EU4Skills project, a €7.15 million initiative designed to enhance employability and foster economic growth in Libya. This collaborative effort will address critical issues such as aligning education and training with job market needs and boosting digital…

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Digital Lab Launches "Innovations Map" to Connect Libya's Digital Innovators

This user-friendly online tool will serve as a comprehensive resource, connecting innovators, entrepreneurs, researchers, and investors across the country

The Digital Lab, a Libyan initiative fostering innovation and digital transformation, has officially launched its highly anticipated innovations map (https://LDIL.gia.gov.ly) platform. This user-friendly online tool will serve as a comprehensive resource, connecting innovators, entrepreneurs, researchers, and investors across the country. The launch ceremony was held at the headquarters of the General Information…

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    • Boosting Access to Finance in Libya: Central Bank of Libya (CBL) Approves a New Legal Framework for Libyan Credit Information Centre
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Boosting Access to Finance in Libya: Central Bank of Libya (CBL) Approves a New Legal Framework for Libyan Credit Information Centre

The new legal framework for the Libyan Credit Information Centre primarily focuses on centralizing banking loans, enhancing transparency, and providing valuable credit information

New opportunities have opened for SMEs in Libya to secure financial support as the Central Bank of Libya (CBL) grants approval to the Libyan Credit Information Centre's (LCIC) newly developed legal framework. This approval marks a significant milestone in developing the LCIC and increasing transparency, which will ultimately lead to…

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Reforms Guide Identifies Top Reform Priorities to Improve Business Environment in Libya

The “Reform Guide’s” main goal is to enable constructive public-private dialogue and provide practical proposals to accelerate the economic reform process

More than 600 Libyan companies participated in a recent survey to identify necessary reforms for a better business environment in Libya. The result, the 2023 “Reforms Guide” (https://apo-opa.info/3P4tltg) presents 20 top-priority reforms needed to create a more business-friendly environment and support the growth of the private sector in Libya. The World Bank’s…

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    • European Union (EU)-funded Project EU4PSL for Private Sector Development in Libya Presents Results (1)
    • European Union (EU)-funded Project EU4PSL for Private Sector Development in Libya Presents Results (2)
    • European Union (EU)-funded Project EU4PSL for Private Sector Development in Libya Presents Results (3)
    • European Union (EU)-funded Project EU4PSL for Private Sector Development in Libya Presents Results (4)
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European Union (EU)-funded Project EU4PSL for Private Sector Development in Libya Presents Results

An online portal to simplify the establishment of businesses, step-by-step guides for new entrepreneurs, business acceleration programmes and start-up grants for 90 young Libyan entrepreneurs, and a new link between the private sector and Libyan universities are among EU4PSL’s most important achievements since 2019. “E-NABLE”, a €5 million EU-funded follow-up programme, will continue to support private sector diversification, digitalization and financial solutions for businesses in Libya

The European Union’s (https://bit.ly/3uCHRgC) EU4PSL project in support of private sector development in Libya presented its results in Tripoli. Over the past three years, the project contributed to a better business environment, and new job opportunities across Libya, in particular for the youth and women. In a closing ceremony in…

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European Union (EU) to Support Economic Diversification in Libya

A high-level conference in Tunis on 21 October 2022 brought together policy makers, economic experts and business leaders from Libya’s evolving private sector

Libya has launched a consultation process for a national economic diversification strategy. The European Union (EU) is supporting the strategy to diversify Libya’s oil-driven economy and boost the country’s private sector development. A high-level conference in Tunis on 21 October 2022 brought together policy makers, economic experts and business leaders…

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EU to Support Economic Governance and Digital Transformation in Libya

The €5M E-NABLE project will be implemented by Expertise France

“E-NABLE”, a new project funded by the European Union, will support key Libyan economic institutions in introducing digital economic governance tools and improving digital services for businesses. The three-year project (2022 – 2025) aims at promoting an investment-friendly and conducive business environment, strengthening the Libyan private sector and thus contributing…