Provides possible actions for consideration during Libya’s conflict and the postconflict period, drawing from relevant international experience. Immediate high-priority private sector development actions remain necessary to tackle letters of credit (LCs) fraud, elite capture, and smuggling (particularly of fuel and essential subsidized items). LC fraud remains a key constraint keeping businesses from accessing a wide range of production inputs and finished products. To address this, policy makers should consider initiating a public-private dialogue (PPD) mechanism to prevent elite capture, particularly as related to LCs and public procurement. An effective PPD mechanism, at both the central and local levels—potentially supported by international development partners—could facilitate (1) public expenditure tracking; (2) prevention of LC fraud; (3) prevention of capture of public contracts; (4) periodic pulse checking and formulation of priority actions for central and local governments; and (5) cross-border partnerships. Postconflict priorities need to focus on promoting a growth agenda based on an inclusive private sector.