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World Bank: New partnership with Libya focused on economic recovery and improving lives of Libyans

The Address | Benghazi – Libya

WASHINGTON, DC – The World Bank Group announced today a new strategy of support for Libya focused on restoring key services to citizens and promoting economic recovery as a critical contribution to the ongoing peace process.

Developed in response to a request from the Libyan government, the new strategy draws on the Bank Group’s global experience working with countries coping with instability and aims to address urgent priorities while laying the groundwork for future recovery and reconstruction, according to a report published by the World Bank Group on Tuesday.

The new strategy was presented in a Country Engagement Note (CEN) that outlines the Bank Group’s approach to supporting the Libyan people over the next three years, the report said.

One of the two overarching goals of the CEN is to support concrete improvements in the lives of citizens by restoring access to dependable electricity and quality education and healthcare services.

The other principal goal is to accelerate economic recovery by helping build the capacity of the government to manage public funds, while developing the private and financial sectors.

In addition, a common theme of all engagements under the CEN will be to promote transparency, accountability and inclusion in all government decision making and service delivery.

This will contribute to restoring trust between citizens and their government, which is a critical foundation of stability, according to the World Bank Group.

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