The director of France Expertise clarifies the role of the Central Bank to encourage financial institutions

The director of France Expertise, Julien Schmitt, told our source today, Wednesday, that the French Foundation provides the three components of the “E-nable” program in order to build the capacities of the Ministry of Economy and Trade, as well as the Ministry of Finance and some economic institutions participating in the service of diversifying the economy and enabling the business environment.

Schmitt explained to our source that supporting digitization is a very strategic project that includes issues of structuring and sovereignty of the Libyan economy in order to contribute to benefiting from digital innovations and sustainable development in Libya and providing answers to bridge the digital divide.

It also implements initiatives to access financing with the Central Bank of Libya by encouraging financial institutions to extend credit to the private sector, support innovative financial mechanisms, and provide financing tools and solutions for small and medium-sized companies.