Tripoli: The Invest for Libya project was officially launched in Tripoli today, marking a significant step towards enhancing financial governance, improving the investment climate, and supporting the entrepreneurship ecosystem and small and medium-sized enterprises (SMEs) in Libya. The launch event was attended by key government officials, including Minister of Finance Khaled Al-Mabrouk, Minister of Environment Ibrahim Al-Arabi, and representatives from various governmental and international bodies such as the Prime Minister's Office, the Ministries of Local Government, Economy, Oil, and Planning, and the European Union Delegation to Libya.According to Libyan News Agency, the project adopts a comprehensive approach aimed at modernizing public financial management and financial markets in Libya. It seeks to stimulate private sector growth, with a particular focus on green and digital entrepreneurship, laying the groundwork for a sustainable and inclusive economic recovery in the country.The Invest for Liby a project represents an essential milestone in the European Union's ongoing efforts to support Libya's economic and institutional development. Funded primarily by the EU, with additional backing from the French government, the project is being implemented by Expertise France. The initiative centers around three strategic pillars: reforming public financial governance, enhancing financial transparency and accountability, and modernizing the financial sector to promote financial inclusion and integrate digital and green finance into national policies.In conjunction with the project launch, a cooperation agreement will be signed by the Ministry of Finance, the EU delegation, the French Embassy, and the France Expertise Association, officially initiating the project's activities.Minister of Finance Khaled Al-Mabrouk highlighted that the project is a crucial step towards developing public financial management, reinforcing the national economy, and supporting transparency and the private sector. He noted that t he project aligns with Libya's national priorities, aiming to strengthen the economic foundations of the country.
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