Libya’s Minister of Economy and Trade, Mohamed Hwej, discussed on Monday at his Ministry’s Tripoli headquarters, a mechanism for cooperation between the financing agencies and the National Program for Small and Medium Enterprises to find financing opportunities for a number of micro-projects. The Ministry said this comes within the framework of its work plan for the year 2023, which leads to providing job opportunities and addressing the proportion of unemployment and overcrowding in the public sector as well as its role in the process of economic development. In the presence of Nasser Bouzgia, Director of the National Program for Small and Medium Enterprises, Farouk Laabidi, General Manager of the Assaray Trade and Investment Bank (ATIB) the General Manager of the Credit Fund and Director of the Western Region Branches Department of the Rural Bank. He pointed out that the National Program for Small and Medium Enterprises, through its business incubators, previously provided training and rehabilitation for a number of youth projects during the past years and stopped providing the necessary financing for them from various financing agencies. Bouzgia stressed that their presence today comes as part of finding a solution to the financing problem and its mechanisms in the presence of a number of local banks that seek to contribute with practical proposals.
