Briefing on the U.S. Global Fragility Act and the Libya Economic Acceleration Project
November 9, 2022
On November 9, AmCham Libya hosted an online briefing by the U.S. Embassy to Libya and USAID on the Global Fragility Act and the Libya Economic Acceleration Project (LEAP).
AmCham Members had the opportunity to share their thoughts regarding the principal drivers of instability in Libya, and what would be worthwhile initiatives on the part of the GFA. The briefing included an overview of the legislation with a description of potential focus areas and overarching objectives for Libya as well as a discussion on ideas to improve and transform the U.S. Government relationship with Libyan institutions in order to achieve the goals of the GFA.
Kail Padget, USAID Economic Specialist explained that LEAP is designed to address some of the root causes of conflict in Libya’s south through an inclusive, private sector-led economic growth plan to increase employment opportunities and economic diversification for vulnerable and historically marginalized populations in Libya’s south.
The objectives of LEAP include:
- strengthen entrepreneurship skills and opportunities for vulnerable and historically marginalized populations;
- improve productivity of Micro-, Small- and Medium-Enterprises (MSMEs) among the target populations;
- increase vocational and technical training with a focus on market demands, and
- increase assistance to businesses in all phases of their life cycle.
The briefing included a Q&A session with questions from attendees.