Libyan Prime Minister Abdul Hamid Dbeibah confirmed that the economy was liberalized in some aspects after the February 17, 2011 revolution, but this liberalization was not rationalized, reaffirming the need to regulate and rationalize the relationship between the private and public sectors.

These remarks were in a speech by Dbeibah upon his visit to the headquarters of the General Union of Chambers of Commerce, Industry and Agriculture, where he stressed his full support for the private sector, pointing out its importance in building the country’s economy at this sensitive and critical stage.

The Head of the Union hailed the work of the Prime Minister and his support for the private sector and businessmen, calling for intensifying such efforts, which is a step in the right direction towards a free and sound economy.

The discussions at the Union also tackled a number of obstacles facing businesspersons, and ways to solve those obstacles, in addition to  reviewing opportunities to “capitalize” the private sector, support employment in the sector, solve banks’ problems and the need to lift banking restrictions on imports and open bank clearing that is currently restricting trade movement.

They went over the importance of speeding up the work to develop solutions to the problems of businesspeople’s debts with the state and adopting an appropriate mechanism to document rights and then pay them.

The meeting saw an agreement on a set of measures, which would overcome obstacles facing the private sector in all fields, and take away some of the burden placed on the public sector in Libya.

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