The delegation of the Tripoli based Libyan government held a meeting last Thursday in Washington, D.C., with representatives of the International Finance Corporation (IFC) of the World Bank Group, as part of strengthening the strategic partnership to support the Libyan private sector and stimulate sustainable economic growth.
The meeting was held as part of a series of meetings being held by the Tripoli government’s delegation on the sidelines of the 2025 World Bank IMF Spring Meetings.
The delegation included Minister of Finance Khaled Al-Mabrouk, Acting Minister of Oil and Gas, Khalifa Abdul Sadig, member of the Board of Directors of the Libyan Investment Authority and head of the Executive Team for the President’s Initiatives and Strategic Projects, Mustafa Al-Mana, Undersecretary of the Ministry of Economy and Trade, Suhail Abu Shiha, in addition to several government officials and executive experts.
The meeting discussed the “Jobs and Growth” report, which is an analytical tool to assess the reality of the private sector in Libya, in preparation for the development of a national strategy to enhance its role as a key engine of development, and it was agreed to start formulating this strategy once the report is completed.
The delegation also reviewed the Tripoli based Prime Minister’s initiative “1,000 Pioneers for 1,000 Projects”, which aims to support startups through incentives and exemptions and the establishment of a funding and guarantee fund to facilitate entrepreneurs’ access to funding.
For their part, IFC representatives expressed their praise for the initiative, stressing their readiness to provide the necessary technical and financial support to develop the business environment in Libya.
The delegation affirmed the government’s commitment to economic reforms, diversifying sources of income, and empowering the private sector to create sustainable job opportunities, stressing the importance of strengthening international partnerships in achieving a comprehensive development vision.
