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NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience

byLibya Herald reporter
January 31, 2023
Reading Time: 2 mins read
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NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience

Libya's National Economic and Social Development Board signs MoU with its Malaysian counterpart (Photo: NESDB).

Libya’s National Economic and Social Development Board (NESDB) signed a technical cooperation agreement with the Malaysian Consultative Council (MPM) at the latter’s Kuala Lumpur headquarters today.

Signing on behalf of the MPM, Executive Director, Hassan Mad stressed in his speech the importance of the relationship between Libya and Malaysia and the opportunities available for cooperation and the provision of expertise and consultations in several fields by benefiting from the successful Malaysian experience in the field of development and development.

NESDB seeking successful stories and experiences
Signing for the NESDB, Director Mahmoud Al-Futaisi said the importance of cooperation and exchange of knowledge and experience with prestigious international institutions that have successful stories and experiences is important.

He said the NESDB is currently a starting point for communication and cooperation regarding the implementation of joint works and projects with houses of expertise and international institutions of reference in their countries.

NESDB seeks to sign several agreements with several countries
Speaking exclusively Libya Herald, Al-Futaisi added that the NESDB, which is an advisory body affiliated with the Libyan government, seeks to sign several agreements and memoranda of understanding with several countries to benefit from their experiences and expertise.

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Libya must adopt proactive economic policies to counter the repercussions of regional tensions: Al-Futaisi to Libya Herald

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Malaysia has pioneering and advanced experience in development
He explained that because Malaysia has a pioneering and advanced experience in various fields of development, the NESDB sought to conclude a memorandum of understanding with the MPM, which has good experience in development issues in Malaysia and the world.

Draw integrated development plans in order to achieve growth
He noted that the memorandum of understanding will enable Libya to obtain, in an easy and smooth manner, the necessary knowledge from the Malaysian side, which will enable it to draw integrated development plans in order to achieve growth.

 

EU to help Libya better design and analyse policies and measure the impact of strategies (libyaherald.com)

 

Tags: EDB NEDB NESDB National Economic and Social Development BoardMalaysia

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