Libya Development and Reconstruction Fund
The Libya Development and Reconstruction Fund is a public government body in Libya, established by Decision No. (1) of 2024 by the House of Representatives. Its mission is to implement reconstruction and development plans for Libyan cities and villages, with its headquarters in Benghazi.[1][2][3][4]
Tasks and objectives
The Fund aims to achieve the following purposes:
- Implement reconstruction projects in targeted cities and areas.[5][6][7]
- Address the effects of Storm Daniel, which struck the city of Derna and the Green Mountain regions in September 2023.[8]
- Cooperate with local and international expertise houses and consulting firms to develop urban plans.[9][10][11]
Administration
The Fund is managed by a Director General (currently held by Belqasim Haftar), and two deputies, appointed by a decision from the Presidency of the House of Representatives based on a proposal from the Prime Minister.[12][13][14][15]
External links
- Anadolu Agency report on the Fund's contracts with Turkish companies
- Atletico Madrid and Inter invited by the Libya Development and Reconstruction Fund to play in Libya - The New York Times
- Benghazi signs contracts with Turkish companies to develop the air navigation system - Asharq Al-Awsat
References
- ^ "Creation of the Libya Development and Reconstruction Fund Law No. 1 of 2024". lawsociety.ly (in Arabic). Retrieved 2025-11-27.
- ^ "Official Gazette - Second Issue" (PDF). parliament.ly. Archived from the original (PDF) on 2024-07-10. Retrieved 2025-11-27.
- ^ "EU: Action Document for Recovery and Development in Libya Facility" (PDF).
- ^ "Document Viewer". docs.un.org. Retrieved 2025-11-28.
- ^ "The World Bank: Redefining the Role of State-Owned Enterprises in Libya" (PDF).
- ^ Zaptia, Sami (2025-08-09). "Libya Development and Reconstruction Fund signs "strategic agreements" with "several large" US Companies". LibyaHerald. Retrieved 2025-11-28.
- ^ "Director of Libya's Development and Reconstruction Fund discusses with Italian Foreign Minister in Rome enhancing cooperation in the fields of reconstruction and development". lana.gov.ly. 2025-11-25. Retrieved 2025-11-28.
- ^ "In Libya's Derna, Haftar using reconstruction to boost popularity one year after floods". Middle East Eye. Retrieved 2025-11-28.
- ^ "من السعودية.. بالقاسم خليفة حفتر يكشف "رسالة ليبيا الجديدة"". CNN Arabic (in Arabic). 2025-10-29. Retrieved 2025-11-28.
- ^ "Chargé d'Affaires a.i. of the Chinese Embassy to Libya Liu Jian meets with Director General of the Libya Development and Reconstruction Fund Belgassim Haftar". ly.china-embassy.gov.cn. Retrieved 2025-11-28.
- ^ "Belqasem Haftar, Turkish FM explore expanding development partnerships | The Libya Observer". libyaobserver.ly. 2025-06-21. Retrieved 2025-11-28.
- ^ "House of Representatives issues law establishing the Libya Development and Reconstruction Fund". Libyan News Agency (in Arabic). 2024-02-07. Retrieved 2025-11-27.
- ^ Al-Wasat, Portal. "Belqasim Haftar takes oath before Aguila as Director General of the Development and Reconstruction Fund". alwasat.ly (in Arabic). Retrieved 2025-11-27.
- ^ "Libya Signs Infrastructure MoUs with Veolia, Matier". 2024-12-06. Retrieved 2025-11-28.
- ^ Saeeti, Abdullah Al (2025-10-29). "International Meetings for the Development Fund at the Riyadh Investment Conference to Discuss Reconstruction Projects". Libya Update News. Retrieved 2025-11-28.
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