LBC-USAID third focus group on improving Libya’s business environment held in Tripoli

finance & economy - September 14, 2021

The third session of the focus group on enabling Libya’s business and investment environment was held at the Al-Andalus hotel in Tripoli on Wednesday, the Libyan Business Council (LBC) reports.

The session was organized by the U.S. Agency for International Development (USAID) in cooperation with the Libyan Business Council (LBC) within the Libyan Public Finance Management (PFM) programme, managed by USAID in cooperation with the Libyan government and the private sector.

Advisers to the Minister of State for Economic Affairs and the Presidential Council, representatives of the banking sector, several members of the LBC and representatives of the USAID, attended the session.

The focus group session discussed how to create an enabling environment for inclusive business, the factors that prevent the private sector from developing their businesses, and how to create an environment conducive to comprehensive business, enabling businesses to develop the private sector to contribute to economic reform and sustainability.

The outcomes of this session will be added to the outcomes of the two previous sessions, in order to formulate them in the form of recommendations. These recommendations will be discussed through the LBC with the relevant public authorities, in order to work on implementing them in the context of reforming the current economic track and strengthening partnership between the public and private sectors.


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