The role of the Credit Guarantee Fund in supporting small and medium enterprises in Libya during the period (2008-2013).

Abstract

The paper aimed to identify the role of the Credit Guarantee Fund in financing small and medium enterprises and the obstacles it faced through the implementation of the loan guarantee mechanism, to ensure the financing of small and other enterprises in the implementation of the approved policies to link lending to employment. The subject of the study, the analysis of the data obtained, and the study reached a set of results, the most important of which were: that the Credit Guarantee Fund provided guarantees to commercial banks to finance 266 projects of small and medium enterprises out of 562 projects during the period from 2008 to 2013, most of which is represented in supplying Only 250 trucks, at a time when Resolution No. (66) for the year 2008 AD stipulates the priority of financing specific activities: (industrial, agricultural, animal and marine resources, health, educational ... etc.), and the study presented a set of recommendations, the most important of which are: Developing the agreements that the fund concludes with various financing institutions to ensure the enhancement of trust between the relevant parties, and working to enact legislation regulating small and medium enterprises.