Improving ‘Ease of Doing Business’ in Libya discussed with Economy Ministry

By Sami Zaptia.

London, 15 July 2020:

Expertise France and the EU for the Private Sector in Libya project reported this week that it had held on 12 July a meeting with Libya’s Economy Ministry on improving the ‘‘ease of doing business’’ in Libya.

Under the Private Sector Development and Investment Department within the Ministry of Economy and Industry, the first meeting of the project’s higher technical committee was held during which a number of conditions and ideas that were made in this direction were discussed, it was reported.

This meeting comes within the framework of the Ministry of Economy and Industry’s overall efforts to improve the business environment in Libya.

It also comes within the framework of the project launched by Expertise France in collaboration with the Ministry of Economy and Industry in May 2019 regarding improving Libya’s Ease of Doing Business (EODB), and follows on from a workshop held in Tunisia with the relevant Libyan institutions in January 2020.

It is worth noting that Libya is ranked poorly as a country to do business in. In the World Bank’s 2020 Doing Business ranking, Libya had an overall rank of 186 and a score of 32.7 out of 100.