The Tripoli based Libyan government held a meeting yesterday with a World Bank delegation from Washington, headed by the Regional Director for the Maghreb and Malta, Ahmedou Mustafa Ndiaye, and the World Bank Representative in Libya, Henriette Kaltenborn, along with several Bank experts.
The Libyan side was headed by the Acting Minister of Finance and Financial Advisor to the Prime Minister, Mohamed Al-Shahoubi, and included the Head of the Executive Team for Presidential Initiatives and Strategic Projects, Mustafa Al-Manaa, the Acting Minister of Planning, the Minister of Social Affairs, the Acting Minister of Oil and Gas, the Chairman of the National Oil Corporation, the Undersecretary of the Ministry of Economy, the Chairman of the General Authority for Communications, the Chairman of the Statistics and Census Authority, and a representative from the Audit Bureau.
Libya’s economic and financial recovery
During the meeting, discussions focused on partnership efforts between the government and the Bank in the areas of advisory and technical services, as part of the government’s vision for economic and financial recovery.
“Business Readiness” index
Plans to develop Libya’s business environment, based on the “Business Readiness” index, were also reviewed, with the aim of attracting foreign investment, stimulating the national economy, and improving the investment climate.
The meeting also addressed the government’s efforts in developing digital transformation and related initiatives, agreeing to adopt a project-based and programme-based management approach and to form specialized working groups from various relevant sectors to ensure the integrated and effective launch of the 2026 cooperation agenda.
The meeting emphasized that cooperation between the government and the World Bank is based on technical and advisory support, a core service the Bank provides to countries, similar to its cooperation models with Gulf countries such as Saudi Arabia, Qatar, and the United Arab Emirates.
