On April 21, the US-Libya Business Association hosted US Special Envoy and Ambassador to Libya Richard Norland for a roundtable meeting in Washington, D.C. to discuss current political and economic events impacting US-Libya ties. Our members expressed concern about political uncertainty, mobilization of militias + O&G disruptions that cast a shadow over Libya’s business environment & damage the quality of life of the Libyan people.

USLBA members also focused on Libya’s huge potential for economic growth. US companies want to help develop and grow Libya’s rich energy resources as well as new opportunities in emerging sectors – including finance, telecommunications, & information technology – to spur broad economic development, reconstruction, & create jobs for the Libyan people. USLBA reaffirmed its commitment to finding innovative solutions & improving Libyan access to US expertise to tackle Libya’s greatest challenges. USLBA thanked the US Embassy Libya External Office for strengthening the US-Libya business ties that can help the Libyan people achieve their county’s potential.

On March 10th, 2022 USLBA hosted a meeting with Libya’s Central Bank Governor Saddek Omar ElKaber and his accompanying delegation in Washington, D.C The Governor provided updates on the unification process of the Central Bank, and his efforts to protect and stabilize the Central Bank in times of political instability.

Participants expressed a desire to see more American companies enter the Libyan market in vital sectors such as healthcare, infrastructure development, and oil and gas. USLBA is glad to have had the opportunity to meet with Governor ElKaber, and we look forward to continuing a dialogue with Libya’s Central Bank. For more information see the CBL’s tweet about the event.