The Tripoli based Libyan government reported yesterday that a high-level government delegation arrived last Sunday (16 November) in Washington DC headed by the Prime Minister’s Advisor for Economic Affairs, Mahmoud Al-Futaisi, Director General of the National Economic and Social Development Board (NESDB).
The delegation included the Minister of Finance, Khaled Al-Mabrouk; the Director of the Americas Department at the Ministry of Foreign Affairs, Abubakr Bin Saud; Ibrahim Sahd, Deputy of the High State Council, Head of the Political Affairs Committee; Mustafa Kashada, Director of the Institutions and Cooperation Department at the Ministry of Finance; and the Directors of the Director General’s Office, the Economic Development Department, and the International Cooperation Office at the NESDB.
The visit is a series of strategic meetings with U.S. officials, business leaders, and policy experts. It represents a significant step toward strengthening relations between Libya and the United States and reinforcing Libya’s position as a key partner in regional stability, economic growth, and global energy security.
As part of the visit programme, an expanded meeting was held yesterday with the World Bank Group, with the participation of:
From the World Bank Group:
- Abdulhak Bedjaoui – Executive Director of the Libya Group at the World Bank
- Kadem Niazi – Deputy Executive Director of the Libya Group at the World Bank
- Junaid Kamal Ahmed – Vice President of the Investment Guarantee Corporation (MIGA) for Operations
- Mohamed Bamba Fall – Regional Director for Industries at MIGA
Representatives from Tripoli also participated via videoconference (Zoom):
- The Libyan Company for Public-Private Partnership Project Management
- The Libyan Renewable Energy Holding Company
The main topics of discussion included several priority issues, most notably:
Designing an annual work plan for 2026 within the Country Framework, in accordance with the priorities of the Tripoli government, including activities and programmes that can be implemented in partnership with the World Bank Group.
Exploring alternative investment guarantees to support the Libyan government’s efforts to provide innovative guarantee tools for investors, particularly in the renewable energy sector and promising development projects.
This visit comes within the framework of the Tripoli government’s efforts to strengthen international partnerships, attract investments, and support Libya’s economic development.
Ibrahim Sahd, a member of the High Council of State, said: “Libya’s path toward unity and stability is at a critical juncture. The Government of National Unity believes that continued cooperation with our American partners will contribute to achieving inclusive governance and the sustainable development our people deserve. We represent a bridge to a peaceful future, and we look forward to deepening our cooperation with the United States in a way that serves the interests of both countries.”
With Libya possessing one of the largest proven oil reserves in Africa, along with significant potential in other sectors, the government seeks to showcase recent economic reforms aimed at boosting foreign direct investment and facilitating joint ventures with American companies.
The delegation also highlights the Government of National Unity’s pivotal role in supporting national reconciliation and providing a unified framework for the country’s political and economic future.
For his part, Khaled Al-Mabrouk, Minister of Finance in the Government of National Unity, said:
“Our visit reflects the enduring importance of Libyan-American relations. We look forward to a serious and ongoing dialogue with our partners in the United States to support Libya’s transition and contribute to achieving a unified and stable state, serving the strategic interests of both countries and the stability and growth of the region.”
In an exclusive statement to Libya Herald, Mahmoud Al-Futaisi affirmed that this tour comes at a pivotal juncture, as Libya witnesses significant economic activity. He emphasized that international partnerships are a cornerstone in supporting the economic reform process.
He said: “Today, we are working to solidify practical and direct cooperation with American institutions and the World Bank Group, ensuring the transition from the diagnostic phase to the implementation of tangible projects that contribute to improving the quality of services and driving economic growth. The Government of National Unity seeks to provide an attractive investment environment through clear reforms and effective guarantee mechanisms, particularly in the energy and sustainable development sectors.”
He added: “This visit is a strategic step towards strengthening Libya’s international partnerships and laying the foundations for long-term cooperation that serves the country’s priorities and enhances investment and development opportunities across all regions.”
.
CBL Governor Issa meets several prominent US companies in Washington DC
