The Spokesman for the Tripoli based Libyan Ministry of Finance, Faisal Al-Hamali, confirmed Wednesday in an exclusive interview with Libya Herald that the Minister of Finance, Khaled Al-Mabrouk, and the representative of the African Development Bank (AfDB) signed three agreements on Tuesday.
The three agreements include:
- The African Development Bank’s provision of technical assistance to the Ministry of Finance in the areas of financial reform and the shift towards digital systems.
- The preparation and implementation of a strategy for food security in Libya.
- Emergency support for the Libyan regions and cities affected by Storm Daniel that hit regions of eastern Libya.
The agreements were signed after the Minister of Finance met in Tripoli on Tuesday a delegation from the AfDB headed by the Deputy Director General, Regional Office, North Africa, Malinne Blomberg, in the presence of the Director General of the National Economic and Social Development Board (NESDB), Mahmoud Al-Futaisi, and representatives of UNICEF and the World Food Programme.
Al-Hamali stressed the cooperation between the Ministry of Finance and the AfDB, especially in supporting small and medium enterprises, capacity building, water projects, transportation, and the digital transformation project in the financial sector.
He noted the interest of the Minister of Finance, Khaled Al-Mabrouk, in opening new horizons of cooperation with the AfDB, in which Libya is considered one of the main contributors. These include establishing development projects that achieve the goals that the two sides seek in a way that brings great economic benefits to Libya, creates various job opportunities, achieves diversity in sources of income and leads to permanent stability in Libya.
Al-Hamali pointed out the AfDB’s praise for the efforts of the Ministry of Finance aimed at creating a strong partnership with the bank to support the public and private sectors and enable them to benefit from possible investment and development opportunities in various fields.