Friday, July 18, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libya Explores Financial Solutions for Migrant Transfers

September 13, 2024
Libya Explores Financial Solutions for Migrant Transfers
Share on FacebookShare on Twitter

Libya’s Minister of Labor and Rehabilitation in the Government of National Unity, Ali Al-Abed Al-Rida, met today, Thursday, with the “Wafed” platform team and the joint committee for the “Libya Startup S.S” project. The discussions focused on innovative solutions to enhance financial inclusion and regulate legal migrant workers’ financial transfers within Libya and to countries in the Sahel and Sahara regions.

According to the Ministry’s media office, the meeting aimed to ensure that financial transfers are conducted through the state’s official banking system.

During the meeting, Al-Abed emphasized the importance of monitoring the financial flows related to migrant workers and their impact on the national economy. He stressed the need to regulate and govern these operations to support the national economy.

The ministry team provided presentations on the project, its objectives, and the timeline for its implementation. They highlighted the importance of utilizing electronic technologies, achieving financial inclusion, governing foreign labor, and ensuring the state’s rights concerning taxes and service fees.

Libya Post expressed its readiness to provide the necessary support for the project’s success. Additionally, Waha Bank’s team presented advanced banking solutions and potential collaboration opportunities with Libya Post.

Almadar Aljadid company explained the importance of electronic payment services through apps like “Sadad,” which can facilitate financial transfers.

The meeting concluded with the Minister of Labor and Rehabilitation recommending the formation of a joint working group from the relevant entities to expedite the project’s implementation in coordination with monetary authorities. He emphasized the significance of these national efforts to enhance Libya’s regional and international standing.

The meeting was attended by officials from various entities, including the Ministry of Labor and Rehabilitation, Almadar Aljadid, Libya Post, Sahel and Sahara Investment and Trade Bank, Waha Bank, along with the General Manager and Advisor to the Chairman of Waha Bank’s Board of Directors, and several department heads.

Tags: libyaLibya PostLibyan Economymigrants
Next Post
Moroccan Company Struggles to Secure Bank Guarantees for Libya Projects

Moroccan Company Struggles to Secure Bank Guarantees for Libya Projects

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libyan Militia Leader Arrested in Germany Under ICC Warrant

Libyan Army Conducts Military Operation Against Criminal Gangs on Southern Border

Libya & Turkey Sign Strategic Agreement

France & UK Call on Libya to Investigate Attacks on Diplomatic Staff

Libya’s NOC & BP Sign Agreement to Redevelop Major Oilfields

Libya’s Saddam Haftar Meets Pakistan’s Army Chief

EDITOR PICKS

Libyan Coast Guard Rescues 78 Migrants

ICC Welcomes Arrest of Libyan War Crimes Suspect Khaled El Hishri in Germany

Libya’s Saddam Haftar Meets Pakistan’s Army Chief

Libyan University Students Urge End to Delay in National Elections

Gulf Companies Consider Libya’s Sirte Port Expansion Plans

Libya Concludes Workshop on Human Trafficking

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR