The project marks a significant step in EU-Libya cooperation, reinforcing commitments to strengthen financial governance, support private sector development, and accelerate Libya’s journey toward a more inclusive, digital, and sustainable economy.
The Ministry of Finance, in collaboration with the European Union Delegation to Libya, the French Embassy, and Expertise France, officially inaugurated the Invest4Libya project, a major initiative aimed at enhancing Libya’s financial governance, improving its investment climate, and boosting the performance of micro, small, and medium enterprises (MSMEs) and the broader entrepreneurship ecosystem.
The project adopts a holistic approach to economic reform, supporting efficient and transparent public financial management, modernizing financial markets, and stimulating private sector growth, particularly in green and digital entrepreneurship. Its ultimate goal is to lay the foundation for a sustainable and inclusive economic recovery in Libya.
Invest4Libya is structured around three strategic pillars:
- Public Financial Management Reform: Supporting the Ministry of Finance and Audit Bureau to enhance fiscal transparency, improve spending efficiency, and strengthen accountability.
- Financial Sector Governance and Modernization: Collaborating with the Central Bank of Libya and the Ministry of Planning to strengthen regulatory frameworks, promote financial inclusion, and integrate digital and green finance into national policies.
- Entrepreneurship and MSME Support: Empowering incubators, accelerators, and MSMEs, while connecting them with investors, expertise, and enabling policies to foster private sector growth.
The project brings together key institutions, including the Ministry of Finance, the Central Bank, the Audit Bureau, and the Ministry of Planning, while engaging public research bodies, private sector organizations, and business incubators to ensure broad institutional alignment and national impact.
Funded primarily by the European Union, with additional support from the French government and implemented by Expertise France, Invest4Libya builds on previous governance and digitalization initiatives, linking policy reform to tangible outcomes for startups and small businesses. The initiative seeks to modernize Libya’s economic landscape, remove regulatory obstacles, and empower entrepreneurs—particularly in green and digital sectors—driving innovation and economic diversification.
The project marks a significant step in EU-Libya cooperation, reinforcing commitments to strengthen financial governance, support private sector development, and accelerate Libya’s journey toward a more inclusive, digital, and sustainable economy.
