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Abu Fnas Says Libya to Use ‘Idle’ Billions to Create Jobs

Libya’s Economy Minister Mustafa Abu Fnas said the government will spend “billions” to help small-and medium-sized companies to create jobs and help the economy recover from an uprising two years ago.

We will use “billions of dollars we have in banks that are idle” to create funds that can be used to help small entrepreneurs, Abu Fnas said in an interview in Tripoli yesterday. He said the unemployment is at about 30 percent.