The Libyan Business Council (LBC) announced yesterday that last Wednesday (4 March) the Second Dialogue Session of the Public-Private Institutional Dialogue Initiative, organized by the LBC in cooperation with Tetra Tech International Development, was held at a leading Tripoli hotel.
The session was attended by representatives from public and private sector institutions, business owners, and those interested in economic and technological affairs.
Mitigating the severity of economic crises using technology and digital transformation
The session addressed the role of technology and digital transformation in mitigating the severity of the economic crisis, given the challenges associated with liquidity constraints and foreign exchange rate fluctuations. Emphasis was placed on how to utilize digital tools to facilitate financial transactions and expand Libyan companies’ access to global markets.
Participants also discussed the current state of e-payments in the corporate sector and the regulatory and technical challenges hindering their adoption, in addition to opportunities for using digital platforms to market Libyan products internationally and enhance their competitiveness.
Cybersecurity
The discussions also touched upon the importance of cybersecurity in protecting customer data and company funds in an unstable digital environment. Emphasis was placed on the need to develop digital infrastructure and strengthen the regulatory framework that ensures the security of digital transactions and fosters trust in the digital economy.
The first session
It will be recalled that the first session of the Private-Public dialogue initiative was held on 28 February focused on discussing the challenges and opportunities facing the private sector, economic diversification mechanisms, and cooperation frameworks between the public and private sectors.
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