A foundational meeting took place today, Tuesday, in Rome between the senior management of Simest, a company affiliated with the Italian Deposit and Loans Fund that focuses on fostering international growth for Italian companies, and the Libyan Foreign Bank, an institution fully controlled by the Central Bank of Libya, with revenue from the sale of hydrocarbon materials.
According to Nova Agency, this event represents a follow-up to the agreement signed last October in Tripoli during the Italian-Libyan Business Forum, which aims to lay the foundations for strengthening trade relations between Italy and Libya.
The agency reported that the main goal is to stimulate a significant increase in bilateral investments and support the competitiveness of companies through technology transfer. The agreement also includes expanding Simest’s African initiatives to include Libya, a financial instrument worth 200 million euros outlined in the Matti Plan, which aims to encourage the development of trade relations between Italy and Africa.
