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Economic Growth

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LWEE
LWEE

USAID advances national stability and a more prosperous future for the Libyan people by strengthening the country’s fiscal foundation, increasing government transparency, reforming, and unifying the electricity sector, and supporting the reunification of key macroeconomic institutions during a landmark period of political and economic integration.  Longer-term economic recovery and stability requires unified economic institutions that can manage Libya’s resource wealth for the benefit of all Libyans, while also taking steps to diversify the economy to reduce oil dependency and create a more diverse private sector.  USAID provides a range of support including technical assistance, training, guidance, and analysis to Libya’s economic and energy sectors to increase the country’s macroeconomic stability and transparent management of resources. Programs also foster increased trade and investment in support of private sector-led economic growth and a more diversified economy.  

 

Libya Public Financial Management (LPFM)

USAID’s Libya Public Financial Management (LPFM) program advances national stability and a more prosperous future for the Libyan people by strengthening the country’s fiscal foundation, revitalizing its electricity sector, and stimulating private sector growth. The period of performance is 2019-2024 (2 base years + 3 option years).

USAID’s Libya Public Financial Management (LPFM) program advances national stability and a more prosperous future for the Libyan people by strengthening the country’s fiscal foundation, increasing government transparency, revitalizing the electricity sector, and supporting the reunification of key macroeconomic institutions during a landmark period of political and economic integration.  LPFM works to strengthen the Central Bank of Libya’s capacity to stabilize the country’s economy and rebuild trust in the banking sector; enhance Libya’s energy efficiency and conservation while increasing availability and reliability; and increase government transparency and accountability in public financial management.

Libya Public Financial Management (LPFM) Factsheet

Libya Market Spotlight - Private Sector Engagement

 

Last updated: June 14, 2022

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