Progress on human development, upgrade of economy and economic reforms to be achieved as foreign direct investment (FDI) bring critical new skills, management techniques and access to foreign markets.

Competitiveness is determined by the productivity which determines standard of living.

The public and private sectors create a productive economy as private sector to be activated and to motivate reforms (e.g.WTO, Eu accession).

The competitiveness of Libyan companies depend on :-

Competitiveness is important at all geographical levels Shabiat and is improved by economic coordination among neighboring countries.

Banking and financial system to be developed as banking sector is the backbone of Libya 's financial system, as stated below :-

-  To launch a banking law reform program as Libyan banks follow a tight lending policy despite substantial available liquidity.

-  To give greater autonomy and incentives to state - owned banks to enable them to lend more to the private sector.

-  To enable the creation of private banks and joint ventures with foreign banks to create competition and improve services.

-  To build a banking infrastructure that meets international standards.

Future deliberation will concentrate in development of :

-  Energy (oil and gas), and reborn energy.

-  Tourism, construction and agriculture.

-  Skills (education reforms, leadership training program).

-  Social development (health care, housing, social welfare)

Libya 's emerging future will be based on the following :-

Thus Libya enters a new stage of its development and Libyans are alert and must act now .

Mohamed A.M.Sulaiman

13.02.2006
Libyaninvestment.com