The final recommendations of the workshop on ‘‘Regulating the Legal and Banking Framework with the Participation of the Private Sector and International and Local Financing Institutions’’ held in Tripoli from 14 to 16 May were issued yesterday. Third – Review and update the legal framework and amend project legislation, administrative systems and procedures in force in charge of working requirements at the national and international levels. Fifth – Bridges of communication with regional and international funding institutions, especially those Libya is a member of, and invite to work in the Libyan market and increase financial allocations finance industrial projects in Libya. Sixth – Activating the work of the Real Estate Registry and reviewing the organized real estate legislation that allows registering real estate guarantees. Eighth – Providing the necessary incentives and guarantees and simplifying procedures for transferring funds, investments and loans granted by regional and international financing institutions and ensuring their retrieval and re-transfer abroad in the same form received.

Source: Libya Today May 18, 2024 09:46 UTC