The Libya Development and Reconstruction Fund (FDRL) represents a pivotal milestone in the nation's journey toward rebuilding and revitalization. Established by the HOR 2024 to spearhead Libya's reconstruction and development, the FDRL plays a crucial role in rebuilding infrastructure, housing, and public facilities following the country's significant challenges in many sectors. Through financial resources, technical expertise, and strategic guidance, the FDRL is committed to accelerating Libya's economic recovery and education development, enhancing its infrastructure, and fostering sustainable development goals (SDGs) for the betterment of all Libyans.
By providing financial resources, strategic planning, and support, the FDRL will catalyze investment in key sectors such as housing, transportation, energy, and public facilities and the globalization of the mindset toward development and modernization. The FDRL aims to create a thriving and resilient Libya through robust partnerships with the public and private sectors inside and outside Libya.
FDRL’s Summary Mission and Goals
Libya 2025-2030 comprehensive development strategy. This strategy consists of 9 parallel lines to transform the whole state of Libya towards implementing the determined 66 collective organized goals.
- Reconstruction: Restore Libya's physical infrastructure, including transportation networks, energy facilities, and public buildings, and increase all services based on international standards (Area-based approach, Dynamic Management Bottom-up and top-down).
- Development: Stimulate economic growth by investing in key sectors such as housing, agriculture, and industry, creating employment opportunities, improving living conditions, and continuing.
- Sustainability: Emphasize sustainable development practices, incorporating environmental and social considerations into all projects.
Key Areas of Focus
- Infrastructure Development: Build and rehabilitate roads, bridges, hospitals, ports, airports, and other critical infrastructure based on area-based approach plans.
- Housing and Urban Development: Construct affordable housing, develop sustainable urban communities, and improve living standards.
- Energy and Resources: Invest in renewable energy projects, enhance energy efficiency, and develop the country's natural resources using an area-based approach.
- Economic Development: Support private sector growth, create jobs, and foster entrepreneurship.
Strategy and Preparational Action Plan 2024:
- The fund uses an area-based approach standpoint and various other administrative strategies, working closely with the municipalities and all relevant stakeholders to identify their needs and priorities. Working on strategy with essential works in multiple sectors includes achieving stability and sustainability in work and production and restoring business and production cycles.
