Context
Libya continues to remain unstable despite international efforts to support political consensus in the country. The internationally recognised Government of National Accord is severely limited in its ability to act. There is barely any money available for ongoing expenditure and investments.
The economic situation in Libya is dire. The country has one of the highest unemployment rates in the world – about half of all young people and a quarter of women are unemployed. There are hardly any small or medium-sized enterprises, as Libya has had a centrally planned economy. There is overemployment in the public sector i.e. in agencies close to the state. Young people, in particular, who are entering the labour market are therefore unable to find employment.
Objective
People benefit from a stronger private sector and improved training opportunities. This increases employment and income for many Libyans.