The Libyan Business Council (LBC) and the Libyan Industry Union (LIU) is to establish a finance and investment group. The LBC and LIU are the private sector association and lobby groups.
The news was revealed by the LBC on Wednesday after a preparatory meeting was held on the same day under the auspices of the LIU.
The LBC reported that the finance and investment group would include the participation of:
- Central Bank of Libya.
- The Islamic Development Bank.
- Ministry of Finance.
- Privatisation and Investment Board (PIB).
- LBC
- LIU
- Al Baraka Insurance Company.
During the meeting, the LBC further reported, the following was agreed upon:
- Forming a supreme committee, sub-committees, technical and financial committees, a communications committee, and a services committee.
- Researching financing mechanisms.
- Establishment of investment funds.
- Holding a general conference to discuss the set of…
