Sustainable Finance as a Mechanism to Promote Economic Development in Libya: An Analytical Study Compared with International Experiences

Abstract

This study analyzes the concept of sustainable finance and its role in promoting economic development in Libya, focusing on integrating sustainability standards into financial and banking policies. The paper reviews successful international experiences in sustainable finance, including the European Union, Morocco, Kenya, and China, and evaluates Libya’s legislative, institutional, and financial frameworks

A descriptive-analytical methodology was applied using international financial institution reports (World Bank, IMF, UNEP FI, OECD) and recent academic studies (2023–2025). Findings indicate that adopting sustainable finance mechanisms can stimulate investment, create green jobs, and foster balanced economic development if legal and institutional frameworks are strengthened. Practical recommendations are provided to guide Libya in developing sustainable finance policies aligned with global economic trends.