(MENAFN- African Press Organization)New opportunities have opened for SMEs in Libya to secure financial support as the Central Bank of Libya (CBL) grants approval to the Libyan Credit Information Centre's (LCIC) newly developed legal framework. The development of the legal framework was made possible with the support of Expertise France through the E-nable( ) project, funded by the European Union. Mr. Nicola Orlando - EU Ambassador to Libya, commented:“We are delighted to announce that significant milestones were achieved through our collaborative efforts in the development of the Libyan Credit Information Center. Risk Mitigation: The regulatory framework is expected to help in identifying and managing potential risks associated with credit information. With the legal framework in place, the focus now shifts to developing the LCIC's operational capacity.

Source: Libya Today January 30, 2024 19:45 UTC