Libya News 24
On Thursday, the Minister of Economy and Trade in the Government of National Unity, Muhammad Al-Hawij, directed the Public Authority for Investment Promotion and Privatization Affairs to list the approved investment projects that have not started their activity, and to give priority in approving investment projects for the development of the southern region, in addition to projects for the construction of refineries for petroleum products.
This came during a meeting with the Undersecretaries of the Ministry for Economic Affairs and Free Zones, the Chairman of the Board of Directors of the Public Authority for Investment Promotion and Privatization Affairs, the Director General of the National Program for Small and Medium Enterprises, and the Director General of the Credit Guarantee Fund, in the presence of the directors of the legal departments, companies and the Trademarks Office in the Ministry.
The meeting discussed the obstacles and difficulties facing small and medium enterprises in various regions, and developments in the adoption of the Small and Medium Enterprises Stock Exchange by the Council of Ministers. The attendees reviewed a number of proposals to develop the performance of the branches and offices of the National Program for Small and Medium Enterprises, in cooperation with the Credit Guarantee Fund in supporting and activating micro-enterprises and contributing to the development of remote areas.
Al-Hawaij stressed the development of a strategy based on financing micro-projects through bank and non-bank financing tools.