SLEIDSE project delivered three weeks of training to Libyan banks from 22 October to 9 November 2018 in the framework of a memorandum of understanding signed in October 2017 with 6 Libyan banks. As exposed in the MoU, Jumhouria Bank, Wahda Bank, Sahara Bank, North Africa Bank, Alwaha Bank and Assaray Bank will finance up to LYD 150 million to SMEs, while Expertise France will offer technical support to all those six banks and support the reactivation of the Libyan National Guarantee Bank.
The training was led by an expert from the Jordanian Banking Institute and was organized as follows:
48 trainees attended the training, and had to go through an examination at the end of each week, which they had to pass in order to receive a certification. They did very well during the first and second week, however, they faced a lot of difficulties during the third week, which was about Risk Assessment. The difficulties faced by the attendees didn’t come as a surprise, since the majority of Libyan banks tend to face issues with regards to Risk assessment.
Overall, this training allowed the bank employees to improve their professional skills and undoubtedly contributed to increase their efficiency in supporting SMEs development in Libya. Access to finance remain on of the main challenges facing young entreprises in the country, and SLEIDSE works hand-in-hand with technical and financial partners to make it easier.
This activity was performed within SLEIDSE project, also financed by the European Union and implemented by Expertise France, which aims to support the development of entrepreneurship in Libya.