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A delegation from the Government of National Unity meets with the Business Readiness Unit team of the International Finance Corporation (IFC), the investment arm of the World Bank.

Pulbished on:

Washington, October 16, 2025 (LANA) - A delegation from the Government of National Unity held a coordination meeting with the Business Readiness Unit team of the International Finance Corporation (IFC), the investment arm of the World Bank, on the sidelines of the annual meetings of the World Bank and the International Monetary Fund in Washington.

The meeting discussed Libya's inclusion in the International Business Readiness Reports, which measure countries' readiness for investment by examining regulations, legislation, and the efficiency of government services that impact the business environment.

The meeting was a continuation of the memorandum of understanding signed between the government and the World Bank last year, which aims to develop the legislative environment and enhance partnerships between the public and private sectors.

The Libyan delegation included the Minister of Oil and Gas, Khalifa Abdul Sadiq, the Undersecretary General of the Ministry of Health, Mohammed Al-Ghouj, the Head of the Executive Team for Presidential Initiatives and Strategic Projects, Mustafa Al-Manea, the Board Member of the Renewable Energy Authority, Aseel Artima, and the Undersecretary of the Ministry of Economy and Trade, Suhail Boushiha.

On behalf of the IFC, Tania Ghosn, Senior Expert in Business Legislation and Director of the Business Readiness Unit, Valeria Labiroti, and a number of experts specializing in investment climate development participated.

The meeting reviewed the technical steps for Libya's inclusion in the next international report and its role in enhancing transparency and improving the country's ranking in the Doing Business indicators.

For its part, the government delegation affirmed Libya's commitment to updating legislation and simplifying procedures, in cooperation with the IFC, to support the private sector and achieve sustainable economic development.

...(LANA)...