The first Steering Committee of the European Union for Private Sector in Libya (EU4PSL) was held on 22 November with the participation of Mr. Alan Bugeja, Ambassador of the Delegation of the European Union to Libya.
The meeting approved the implementation steps of the activities as well as the mechanisms that must be followed to reach its objectives according to all segments addressed to this program. The results of the activities were reviewed, which included activating the credit guarantee fund, developing the credit bureau, establishing venture capital funds, and reviewing the results of projects related to improving the efficiency of the Ministry of Economy and Industry related to developing the business environment and improving the ranking of Libya according to the World Bank Group in the Ease of Doing Business.
These projects include the training of employees in the Ministry of Economy and Industry, the development of the business registration office (the One Stop Shop), the establishment of the Libyan-European Trade Assistance Office (Trade Help Desk), the establishment of the Economic Modeling Office (ECOMOD), and the development of the online business school.
EU4PSL is a project financed by the European Union and implemented by Expertise France. It improves Libya’s business environment in order to generate economic growth and job opportunities in particular for the youth and women. It works with government authorities, civil society organizations and entrepreneurs. It paves the way for a country where the youth and women are able to create their own jobs and turn their dreams into businesses.