The European Union has announced a €15 million package financed from the European Neighbourhood and Partnership Instrument (ENPI) for “Support to Libya for Economic Integration, Diversification and Sustainable Employment” (€10 million) and “Protection of vulnerable people in Libya” (€5 million).
In line with the revised 2011-2013 National Indicative Programme which was signed on 30 August 2012 with the new Libyan authorities, and with the EU's aim to support the transition to a democratic, stable and prosperous Libya, these programmes address the need for a diversified economy, as well as the reinforcement of rule of law and human rights for the country’s most vulnerable people.
The “Support to Libya for Economic Integration, Diversification and Sustainable Employment” programme will also comprise two elements:
- the first will aim to promote the development of a dynamic and diversified micro, small and medium-sized enterprise (MSME) sector in all regions of Libya, capable of creating employment and livelihoods for Libyans, and in particular for women and young people, through widely accessible and relevant MSME support services.
- the second will provide technical expertise for the development of an EU Libya Framework Agreement (the agreement would cover overall EU-Libya relations, including trade and economic cooperation).