Author: sarah

Tripoli, Libya – February 9, 2026 – The Ministry of Finance, the Delegation of the European Union to Libya, the Embassy of France in Libya, and Expertise France officially inaugurated the Invest4Libya project today. An initiative designed to strengthen Libya’s financial governance, improve its investment climate, and boost the performance and inclusiveness of the country’s MSME and entrepreneurship ecosystem.

The project adopts a holistic approach to support efficient and transparent public financial management, modernize financial markets, and stimulate private sector growth, particularly in green and digital entrepreneurship, laying the foundation for sustainable and inclusive economic recovery in Libya.

“Invest4Libya represents an important step in advancing public financial management and strengthening Libya’s economic foundations,” said H.E. Dr. Khaled Almbarouk, Minister of Finance. “By improving transparency and supporting private sector development, this initiative aligns with our national priorities. We value our partnership with the EU and look forward to the positive outcomes this collaboration will bring.”

Invest4Libya stands as a key milestone of the EU’s ongoing support for Libya’s economic and institutional development. Funded primarily by the European Union, with additional support from the French government, the project is implemented by Expertise France and structured around three strategic pillars:

• Public Financial Management Reform: Supporting the Ministry of Finance and Audit Bureau to improve fiscal transparency, spending efficiency, and accountability.
  
  
• Financial Sector Governance & Modernization: Strengthening regulatory frameworks to promote financial inclusion and the integration of digital and green finance into national policy, with the collaboration of the Central Bank of Libya and the Ministry of Planning.                               .
  
  
• Entrepreneurship & MSME Support: Developing Libya’s private sector by empowering incubators, accelerators, and MSMEs and linking them to investors, expertise, and enabling policies.

Together, these three pillars form a cohesive national effort that links high-level policy reform with on-the-ground implementation. Anchored by core partners such as the Ministry of Finance, the Central Bank of Libya, and the Audit Bureau, and implemented in close cooperation with the Ministry of Planning, the Ministry of Higher Education and Scientific Research, and the Ministry of Environment, the project also engages public and research institutions, private sector bodies, and business incubators to ensure broad institutional alignment and national impact.

“Creating a strong investment environment is essential for economic recovery and sustainable growth. Invest4Libya represents a major advance in the partnership between the European Union and Libya. By supporting reforms in public finance and financial governance and improving conditions for investment, this project reaffirms the EU’s dedication to empowering the Libyan private sector and supporting Libya’s economic development and diversification,” said H.E. Mr. Nicola Orlando, Ambassador of the European Union to Libya.

“Expertise France has been privileged to support Libya’s economic development for the past 10 years. With Invest4Libya, we are excited to form new partnerships and continue our collaboration with Libyan institutions to advance public financial management and empower the private sector. This initiative is vital to strengthening institutional capacity and supporting entrepreneurs, particularly in the green and digital sectors, who are driving innovation and helping shape a thriving Libyan economy commented Mr. Maxime Bost, Programs Director of Expertise France in Libya” .

Building on the successes of previous governance and digitalization efforts, the project bridges policy reform with actionable outcomes to ensure that improved financial oversight leads to tangible growth for startups and small businesses. By removing regulatory obstacles and empowering local incubators, this collaborative partnership serves as a vital step in modernizing the national economy and unlocking Libya’s potential for a more digital, diversified, and inclusive future.

The series of trainings that began several months ago as part of the EU4SKILLS project concluded at Esprit University, marking the start of the program’s interactive phase in November, which focused on hands-on application and directly enhancing participants’ skills.

The trainings were held with the participation of experts and academics from the Ministry of Higher Education and Scientific Research and the Ministry of Technical and Vocational Education, in addition to representatives from public and private institutions across Libya. This collaboration aims to update Information Technology curricula by integrating active pedagogical methods in areas such as cloud computing and artificial intelligence, thereby improving the quality of education and aligning it with labor market needs.

As part of the interactive phase, and after all participants successfully earned their NVIDIA certification, the program hosted two experts from NVIDIA, who delivered a live demonstration of the NVIDIA DGX workstation, an advanced technology used in artificial intelligence and high-performance computing. This provided participants with a close look at cutting-edge global digital practices.

With the completion of the training, the curricula editing and updating phase is now underway. During this phase, participants will apply the knowledge and skills gained throughout the program to redesign and improve existing IT curricula, making them more modern and better aligned with labor market demands.

These activities fall under the EU4SKILLS project, funded by the European Union in partnership with the French government and implemented by Expertise France to support curriculum modernization, strengthen digital capacities, and promote a modern, advanced higher and technical education system in Libya as a foundation for building a sustainable and diversified Libyan economy.

A workshop was held in Benghazi on September 17–18, 2025, dedicated to drafting the Guide for Organizing Field Training within Higher Education Institutions in Libya.

The workshop, hosted by the Faculty of Electrical and Electronic Technology – Benghazi and the Libyan International University, was attended by members of the guide development team, the Expertise France team, as well as a group of specialists and academics.

Over the two days, discussions focused on developing the main framework of the guidelines and drafting the first version. This included proposed legal amendments, reviewing training models, and defining official communication channels between educational institutions and the labor market.

This workshop is part of the activities of the first component of the EU4SKILLS project, funded by the European Union with co-financing from the French government, and implemented by Expertise France Libya in cooperation with local partners. The project aims to bridge the skills gap and strengthen employment governance, thereby contributing to more inclusive and sustainable economic development.

In line with efforts to promote the blue economy as one of the pathways to sustainable development in Libya, Tripoli hosted on Sunday, September 14, 2025, a workshop aimed at setting priorities and developing an action plan for a capacity-building program and strengthening quality assurance in Libya’s fisheries sector. The workshop was organized to advance this vital sector, improve the quality of its products, and raise its readiness to compete in global markets in line with international standards.

The workshop saw broad participation that included representatives of national government institutions, regulatory bodies, research and academic institutions, as well as private sector representatives. This provided an important opportunity to exchange expertise and open a comprehensive dialogue on current challenges and future opportunities.

Discussions focused on the state of quality assurance in Libya’s fisheries sector, particularly regarding the implementation of relevant international legislation and agreements. Participants also addressed the identification of training needs required to enhance the efficiency of workers in the sector and the adoption of best practices in fishing, production, and distribution. This is expected to strengthen supply chains and reinforce the confidence of both local and international markets in Libyan fish products, thereby contributing to diversifying the Libyan economy and creating jobs in the sector.

This workshop is part of the activities of the EU4SKILLS project, funded by the European Union with co-financing from the French government and implemented in Libya by Expertise France in cooperation with local partners. The project aims to bridge the skills gap and support employment governance, thereby creating new job opportunities and contributing to more inclusive and sustainable economic development.