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Libyan Industrial Union to hold workshop on financing mechanisms, effective partnership between businessmen, financing institutions and international companies

bySami Zaptia
February 17, 2024
Reading Time: 1 min read
A A
Libyan Industrial Union organizing conference on Libyan economy – invites participation

(Logo: LIU).

The Libyan Industrial Union (LIU) announced last Tuesday (13 February) that it is to hold a workshop in May on financing mechanisms and creating a real and effective partnership between Libyan businessmen, financing institutions, and local and international companies.

The revelation came after the LIU had held the second preparatory meeting for the workshop last Monday at its Tripoli headquarters.

The workshop, the LIU reported, will be held with the support and organization of the Central Bank of Libya, the Ministry of Finance, the Libyan Investment Promotion Authority, the Maghreb Bank for Investment and Foreign Trade, the Islamic Development Bank of Jeddah, the International Finance Corporation, and the African Development Bank.

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A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

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