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SMEs in Libya's Reconstruction

Preparing for a Post-Conflict Economy

image of SMEs in Libya's Reconstruction

The report is intended to contribute to the implementation of policies in a post-conflict Libya to promote private sector development. The report analyses the structural economic and framework conditions prevalent in Libya, highlights potential drivers of development and considers the role of SMEs and entrepreneurship promotion in driving post-conflict recovery. Based on international experience and practices, and considering the context of the country, the report identifies the necessary legal frameworks, institutions and policies for the promotion of SME and entrepreneurship. The document is part of a wider MENA Transition Fund project to support the design and implementation of SME policies in Libya.

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Libya's SME policies

This chapter examines SME and entrepreneurship policies in Libya, including the institutional framework and programmes. It analyses co-ordination mechanisms, business support services and financing and initiatives. While the government has initiated several policy measures and programmes to bolster the SME sector – such as financial assistance and programmes to support start-ups through entrepreneurship training, information and advice – the review identifies a number of policy gaps. Broader and deeper measures and enhanced institutional structures are needed. The chapter also highlights opportunities for development of sectors that could lead to greater diversification of the economy outside the hydrocarbon sector and future growth of the SME sector.

English

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