By Isslam Moubarak.
The African Development Bank Group (AfDB) approved the Country Re-Engagement Note 2014-2016, allowing the Bank to re-engage with Libya.
This positive change demonstrates the improved optimism about the country’s future that business environment is improving, and that companies are going back to the country.
The Bank is already working with a number of Libyan institutions, notably the Libya Africa Investment Portfolio, and will explore areas of co-financing in Africa as well as helping Libya to diversify and enhance returns on its significant resources.
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