Decision No. 407 of 2022 Authorizing Contracting for Financial System Unification

The Council of Ministers authorizes the Ministry of Finance to directly contract with a technical consulting company to provide a comprehensive system for unifying financial procedures. The contract must follow Administrative Contracts Regulations and is effective from 25 April 2022.

This creates a potential procurement opportunity for IT and financial systems consulting firms, though the direct assignment method limits competitive bidding. More significantly, it signals government intent to standardize financial procedures across ministries—which could eventually simplify compliance for foreign operators dealing with multiple Libyan government entities. The timeline and scope remain undefined, so immediate business impact is limited to potential contractors.