in Short

Libya:European Union (EU) to Support Economic Diversification

Libya has launched a consultation process for a national economic diversification strategy. The European Union (EU) is supporting the strategy to diversify Libya’s oil-driven economy and boost the country’s private sector development.

A high-level conference in Tunis on 21 October 2022 brought together policy makers, economic experts and business leaders from Libya’s evolving private sector. The conference marked the launch of a wide consultation process to develop a national economic diversification strategy by mid-2024.

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