EU launches Invest4Libya to strengthen public finance and promote sustainable investment
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The Ministry of Finance of Libya, in collaboration with the Delegation of the European Union to Libya, the Embassy of France in Libya, and Expertise France, officially inaugurated the Invest4Libya project on 9th February 2026.
This initiative aims to enhance Libya’s financial governance, improve its investment climate, and support the development of micro, small, and medium-sized enterprises (MSMEs) and entrepreneurship, especially for green and digital sectors.
“Invest4Libya represents an important step in advancing public financial management and strengthening Libya’s economic foundations. By improving transparency and supporting private sector development, this initiative aligns with our national priorities. We value our partnership with the EU and look forward to the positive outcomes this collaboration will bring,” said H.E. Dr Khaled Almbarouk, Minister of Finance, Libya.
Holistic approach to public financial management and private sector growth
Invest4Libya adopts a comprehensive strategy focused on three main pillars: reforming public financial management, modernising financial sector governance, and supporting entrepreneurship and MSMEs.
The project seeks to improve fiscal transparency, spending efficiency, and accountability by assisting the Ministry of Finance and the Audit Bureau. It also aims to strengthen regulatory frameworks to foster financial inclusion and integrate digital and green finance into national policies, working closely with the Central Bank of Libya and the Ministry of Planning.
A key component of Invest4Libya is the development of Libya’s private sector through the empowerment of incubators, accelerators, and MSMEs. The project facilitates connections between these entities and investors, expertise, and enabling policies.
This approach would stimulate innovation and support sustainable economic recovery by focusing on green and digital entrepreneurship.
Bridging policy reform with tangible economic outcomes
The project is led by key partners. This includes the Ministry of Finance, the Central Bank of Libya, and the Audit Bureau, and involves collaboration with the Ministry of Planning, the Ministry of Environment, and the Ministry of Higher Education and Scientific Research.
It also engages public and research institutions, private sector bodies, and business incubators to ensure broad institutional alignment and maximise national impact.
“Creating a strong investment environment is essential for economic recovery and sustainable growth. Invest4Libya represents a major advance in the partnership between the European Union and Libya. By supporting reforms in public finance and financial governance and improving conditions for investment, this project reaffirms the EU’s dedication to empowering the Libyan private sector and supporting Libya’s economic development and diversification,” quoted H.E. Mr Nicola Orlando, Ambassador of the European Union to Libya.
Mr Maxime Bost, Programs Director of Expertise France in Libya, said, “Expertise France has been privileged to support Libya’s economic development for the past 10 years. With Invest4Libya, we are excited to form new partnerships and continue our collaboration with Libyan institutions to advance public financial management and empower the private sector.”
“This initiative is vital to strengthening institutional capacity and supporting entrepreneurs, particularly in the green and digital sectors, who are driving innovation and helping shape a thriving Libyan economy,” he further added.
Building on previous governance and digitalisation efforts, Invest4Libya bridges high-level policy reforms with actionable outcomes. By removing regulatory obstacles and empowering local incubators, the project aims to modernise Libya’s national economy and unlock its potential for a more diversified, digital, and inclusive future.