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USAID conducts a balance of payment training for employees of the Central Bank of Libya.
USAID conducts a balance of payment training for employees of the Central Bank of Libya.
LPFM for USAID

USAID advances national stability and a more prosperous future for the Libyan people by strengthening the country’s fiscal foundation, increasing government transparency, reforming, and unifying the electricity sector, and supporting the reunification of key macroeconomic institutions during a landmark period of political and economic integration.  Longer-term economic recovery and stability requires unified economic institutions that can manage Libya’s resource wealth for the benefit of all Libyans, while also taking steps to diversify the economy to reduce oil dependency and create a more diverse private sector.  USAID provides a range of support including technical assistance, training, guidance, and analysis to Libya’s economic and energy sectors to increase the country’s macroeconomic stability and transparent management of resources. Programs also foster increased trade and investment in support of private sector-led economic growth and a more diversified economy.  

 

Libya Public Financial Management (LPFM)

Decades of authoritarian rule, instability, and violence have left Libyan institutions fragmented and struggling to meet the needs of citizens. A stable and sovereign Libya, with a unified and trusted government that effectively provides basic services to its citizens, is vital to long-term peace and stability in Libya and the region. USAID’s Libya Public Financial Management (LPFM) program advances national stability and a more prosperous future for the Libyan people by aligning the country’s financial institutions with international best practices and standards, increasing government accountability and transparency, revitalizing the electricity sector, and supporting the reunification of national institutions. LPFM works to strengthen the Central Bank of Libya (CBL)’s capacity to stabilize the country’s economy and rebuild trust in key Libyan governance institutions; enhance the efficiency and reliability of Libya’s electricity sector while increasing electricity availability; and increase government transparency and accountability in public financial management.

Libya Public Financial Management (LPFM) Factsheet

Libya Market Spotlight - Private Sector Engagement

 

Last updated: September 07, 2022

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