The Central Bank of Libya signs a memorandum of understanding with the National Program for Small and Medium Enterprises to finance projects

Tripoli The Central Bank of Libya (CBL) has signed a Memorandum of Understanding (MoU) with the National Program for Small and Medium Enterprises to finance small and medium enterprises and encourage entrepreneurial and creative ideas.

According to a statement by the Central Bank the memorandum aims to stimulate the financing of projects in the national economy through the banking sector.

The agreement comes within the framework of institutional cooperation between the Central Bank and the competent government agencies.

Source: Libyan News Agency