EU to support economic governance and digital transformation in Libya
June 13, 2022
“E-NABLE”, a new project funded by the European Union, will support key Libyan economic institutions in introducing digital economic governance tools and improving digital services for businesses. The three-year project (2022 – 2025) aims at promoting an investment-friendly and conducive business environment, strengthening the Libyan private sector and thus contributing to economic growth in Libya.
The €5M E-NABLE project will be implemented by Expertise France and involve key Libyan economic institutions including, the Ministry of Economy and Trade, Ministry of planning, Ministry of Finance, Central Bank of Libya and the Chambers of Commerce. It will also work with Libyan tech and telecommunication partners such as the General Information Authority, the Libyan Post Telecommunications Information Technology Company (LIPTIC) and several public and private tech companies. The newly launched project will focus on three main aspects:
Strengthening the capacities of the Ministry of Economy and Trade and related institutions in designing public policies that support reforms and the creation of new businesses, and foster domestic and foreign investment;
Supporting Libya in its digital transformation by creating a national digital strategy, digitalizing the public institutions’ services and tools, and increasing the use of digital technologies in the Libyan economic institutions;
Facilitating access to finance by encouraging financial institutions to extend credit and financial solutions to SMEs and creating a conducive environment for microfinance and fintech in Libya.