The Vice President of European Union Programs to Support the Private Sector in Libya, Mohamed Al-Aswad, stated exclusively to our source: “Since 2016, France Expertise has been working with the European Union to support the improvement of the Libyan business environment, where work is focused on developing the business of the commercial registry and company registration, and improving Services related to Libya’s classification in the World Bank for business performance, because unfortunately, Libya’s rating was 186 out of 190 in 2020, and it is considered a very low rating.”
He added: “We have worked on improving access to finance with the Central Bank, establishing a ministry for small and medium projects in banks, and establishing microfinance. We are now working with the Central Bank in developing legislation related to leasing finance and what is known as venture capital and investment funds.”
He also said: “Today we are witnessing a ceremony honoring the Libyan expertise that participated in the establishment of Ejraat platform, which is considered the first digital Libyan platform with seven sectors participating, in cooperation between the General Information Authority, the Ministry of Economy and Trade and with the support of the European Union and France Expertise. This platform aims to simplify Procedures for the citizen and know the required procedures with full transparency, who are the authorities, their location and who is responsible for them. This is considered an advanced step for the ministry.”
