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Within internal development recently, Libya looks forward to partnerships for trade and investment in various domains. First start toward collaboration was when Dr. Shukri Ghanem the general secretary of GPC has met delegation of IMF that visited Libya few days ago. Ghanem was keen to reflect emphasis of Libyans to collaborate with UN organizations, in particular IMF, when he explained the internal development toward privatation of some public economical units. The visitor who has cognized the latest development in Libya has appreciated the prosperity, and the Libyans understanding to the effective policies of IMF. Libya was negotiating to join WTO few weeks ago, in same path to emphasize collaboration with UN organizations. UNESCO also could recently activate its role in the Libyan educational yard, through signing understanding memoir to execute national project for informative technique, that aims to link various academic faculties and all high education foundations with united information network, in Libya .

Within the Libyan state directions toward successful economical programs, Libyan had witnessed intensive activities few days ago, appeared in holding the scientific symposium on role of stock exchange in economical development experiments and prospective visions. This symposium has discussed serval topics including extensive revision to the legislation concerning stock exchange, financial institutions, banking tax legislation , foreign investment and efforts build up the Libyan economy. Dr. Abdulgadir Omer Belkhir, secretary of GPC of economy and commerce in his opening address the aforesaid symposium has called the Libyans to invest their savings through the new Libyan stock exchange. Recommendation of this symposium has focused on preparing qualified cadres for work in field of stock exchange, adopting intensive training programs conform with the rapid development in this domain, that through collaboration and coordination with assistance of experts in this field to contribute building up the basic frames of the Libyan stock exchange, meantime the participants in this symposium have called to increase the cultural attention for individuals aims to upgrade the concept of saving and investment.

Last week GPC was concentrating its discussion regarding cancellation and merger some of public companies, meantime meeting of council of general planning, beside meeting of council of investment and board of management of central bank of Libya. Also GPC has approved many contracts agreement and conventions of EPSA bid round (2) with many international companies such as BG - Inpex - Startoil and Exxonmobil all these connected activities indicate that next few months would create new ground of business requires intensive efforts to face demands of next stage in within joint interest partnership for trade and investment.

Mohamed A.M.Sulaiman

17.12.2005
Libyaninvestment.com

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