Libya plans to boost private sector for better employment

TRIPOLI (Xinhua) – The Libyan labour minister said on Saturday that his ministry is working on a roadmap to support the private sector to provide more employment opportunities for young people.

Al-Mehdi Al-Amin made the remarks at the ongoing Libya’s Third Startups Expo, a micro enterprise exhibition supported by the European Union.

“We are working with government agencies and the ministries of economy, planning and finance of the Government of National Accord to develop a roadmap and an integrated programme to provide more support for the private sector effectively,” Al-Amin told Xinhua.

“We also seek to develop strategies and action plans, in partnership with international organisations, to support micro enterprises that represent an important part of the national economy,” he added.

The labour minister stressed the importance of government support for creating employment opportunities for young people.

“The young people, who suffer from militias and violence in the country, suffer the most from high unemployment rates,” he explained.

Earlier in the day, Libya’s Third Startups Expo kicked off in the capital Tripoli, which brought together dozens of small enterprises and businesses around the country.

Halima Al-Ghrari, the organiser of the event, said the exhibition aims to “establish a culture of investment and true lasting partnership between investors and successful entrepreneurs”.

According to statistics of the Ministry of Labour, the unemployment rate stands at 5.5 per cent in Libya, a country that has been suffering from political division and insecurity.