EU Offers Financial Support for Libya's Reforms

European Commission President José Manuel Barroso and Libyan President Muammar al-Kadhafi. The European Union offered USD83 million to support Libya's reform efforts. Photo by: European Commission

The European Union is increasing its financial support for Libya’s reforms to euro60 million (USD83 million) from 2011 to 2013.

The funding will benefit the nation’s health sector, enhance economic development, and aid small and medium-sized enterprises. It will also assist the Libyan government’s modernization efforts.

The financing was announced during the Oct. 4-5 visit of Cecilia Malmstrom, European commissioner for home affairs, and Stefan Fule, European commissioner for enlargement and European neighborhood policy, to Libya.

The EU and Libya also agreed Oct. 4 on a migration cooperation agenda, which includes concrete steps on border surveillance system, mobility-related issues, smuggling and trafficking of human beings, and dialogue on refugees and international protection. 

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.