The Central Bank of Libya’s (CBL) Institute of Banking and Financial Studies, in cooperation with Expertise France, organized a workshop today entitled “The Role of the Banking Sector in Diversifying Sources of Finance” at the Marriott Hotel in Tripoli. The workshop discussed the announcement of the measures and decisions taken by the CBL to support the business and investment environment in Libya, strengthen the micro, small and medium enterprises sector, and activate the role of the private sector in development. The two-day workshop also aims to stimulate technological innovation in the banking field to enhance monetary policy, enhance financial inclusion services in Libya, and improve the efficiency of the banking sector through developing skills and applying international standards. Islamic Development Bank and Economic Empowerment FundDuring the workshop, the launch of the Economic Empowerment Fund was announced in cooperation between the CBL and the Islamic Development Bank, with the contribution of several state institutions. The specialized team presented an overview of the fund, its objectives, its work mechanism, and the role of each institution in its success.

Source: Libya Today March 05, 2024 19:59 UTC