The Vice President of the European Union Program to Support the Private Sector in Libya, Mohamed Al-Aswad told our source: “There is an indicator related to the economy, which is the indicator of low business performance in Libya. The foreign investor and international investment agencies perceive Libya through these low indicators.”
Al-Aswad added that “when the foreign investor sees Libya’s classification according to the World Bank for business performance, he looks at it according to these indicators, and hence, the image of Libya becomes inappropriate.”
He pointed out that the weakness of Libyan indicators abroad reflects the bad situation of Libya. Thus the participation and presence of these platforms contribute significantly to the improvement of Libya’s name abroad, in addition to improving opportunities for investors and facilitating the issue of company registration, tax procedures, opening accounts in banks and obtaining loans, in addition to investment and social security.
