UNSMIL and Economy Ministry discuss economic reforms, the 2020 budget, non-state budget financing of projects
By Sami Zaptia.
London, 16 October 2019:
During a meeting at his Tripoli office, Libya’s Minister of Economy and Industry, Ali Issawi met UNSMIL’s Deputy head Stephanie Williams yesterday,
The Ministry reported that they discussed economic reforms that contributed to the stability of the Libyan market despite the war crisis, the attack on the capital, the holy month of Ramadan and holidays that are characterized by high consumer demand.
For her part, Williams welcomed efforts to complete the 2020 budget early before the end of the current year and the proposed steps to finance non-budget development.
Minister Issawi, for his part, explained that the Faiez Serraj government was continuing the next steps of its economic reforms, including the proposed amendments to fuel subsidies, stimulating the investment sector and implementing development projects through new means such as Islamic bonds in accordance to the law and its executive regulations.
In conclusion, Williams stressed the UNSMIL’s readiness to provide support to complete the economic reforms according to the Ministry’s and the Serraj government’s vision.