Lana News
Libyan News Agency
Latest News
LANA Dabaiba directs to accelerate the completion of the Abu Zreiq-Kufra road project
LANA The Libyan Political Science Association organizes a simulation session for the House of Representatives in Benghazi
LANA Upcoming Presidential Summit for Libya, Algeria, and Tunisia in Tripoli.
LANA Al-Baour reviews the evaluation of the Ministry of Foreign Affairs’ administrative and diplomatic performance during the past year
LANA The Ministry of Foreign Affairs of the Government of National Unity discusses with the Indian Chargé d'Affaires arrangements for resuming the work of the Indian Embassy in Tripoli
LANA Al-Lafi stresses at the Elders' Forum the importance of national reconciliation, to hold the electoral entitlement
LANA Prime Minister of the Government of National Unity discusses the "Intilaqa" initiative to finance small and micro projects
LANA Al-Toumi follows up on the results of the damage assessment resulting from the floods that recently swept the city of Tarhuna
LANA Al-Lafi praises the role played by Zawiya Oil Refining Company over the past (50) years
LANA After a hiatus that lasted for years: Spanish company Repsol resumes exploratory drilling activity in Libya

Prime Minister of the Government of National Unity discusses the "Intilaqa" initiative to finance small and micro projects

Pulbished on:

Tripoli, January 1, 2025 (LANA) - The Prime Minister of the Government of National Unity, Abdul Hamid Dabaiba, discussed today the "Intilaqa" initiative to support and finance small and micro projects, the general conditions for submission, and the mechanisms for benefiting from it.

The meeting, which was held this morning in Tripoli, was attended by the Minister of Economy and Trade, the Acting Minister of Oil and Gas, the Undersecretary of the Ministry of Economy for Commercial Affairs, the Head of the Executive Team for Presidential Initiatives and Strategic Projects, and the Director General of the National Council for Economic and Social Development.

The Prime Minister of the Government of National Unity stressed the importance of facilitating procedures to ensure that support reaches the largest possible number of qualified young people.

He explained that this initiative comes within the framework of the government's orientation towards supporting Libyan youth and enabling them to lead the wheel of the national economy.. Noting that investing in youth and their innovative ideas is an investment in Libya's future and economic renaissance.

He added that the government is committed to achieving a qualitative leap in the national economy by supporting small projects, which are the nucleus of economic growth, and contributing to creating job opportunities and promoting sustainable development.

The initiative aims to provide the necessary funding for young people, craftsmen and entrepreneurs to finance their projects, with a focus on innovation and the knowledge economy.

The initiative is working to establish a new system to support start-ups and ensure their financing, by establishing a special guarantee fund for targeted projects.

The first step of the initiative targets 1,000 young entrepreneurs, craftsmen and innovators, as it relies on strategic partnerships with business incubators in Libyan universities to ensure effective implementation and support.

(LANA)