Improving SME Policy in Libya
Supporting SMEs and entrepreneurship in Libya will be essential to support post-conflict recovery in the short term, and economic diversification in the long term.
The OECD has been working with Libya since 2013 under a project funded by the MENA Transition Fund - an initiative of the G7 Deauville Partnership. The goal of the project is to support SME and entrepreneurship in the country, and we have been actively engaged working with Libya Enterprise and other key stakeholders. The project comprises five key components:
• Component 2: Developing a short-Term Action Plan to support SME policies.
• Component 3: Improving the Legal framework for enterprise creation and growth, supporting Libya Enterprise in the development of an SME bill.
• Component 4: Assisting in the implementation, building on the Short-Term Action Plan and building capacity within Libyan institutions.
• Component 5: Improving access to finance for SMEs, assessing and assisting in the establishment of an SME funding mechanism.
Workshop: SME Development Strategy in Libya, 2 May 2018 – Tunis, Tunisia
The MENA Competitiveness Programme, in collaboration with Libya Enterprise, organised the First Quarterly Monitoring Meeting on implementation of the Short-term Action Plan. The main objectives of the meeting were to:
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