LIA showcases its asset deployment plan and international partnership strategy in London

Libya Observer

4 days ago

The Libyan Investment Authority (LIA) held an investment forum in London to present its vision and future plan for deploying its assets, strengthening international partnerships, and exploring new investment opportunities that contribute to supporting the Libyan economy and achieving long-term financial sustainability.
The forum was held last Thursday with the participation of representatives from international banks, asset managers, and investment funds. LIA delivered a detailed presentation on its financial investment portfolio, in line with the UN Security Council resolution that permits it to invest its assets, according to a statement published on the Authority's Facebook page on Monday.
Participating institutions included Bank of New York, JPMorgan, Euroclear, Qatar National Bank, Jefferies, as well as the financial services companies Marks, Western Asset, Notz Stucki, Waverton, Sculptor, Carlyle, and Federated Hermes.
In January, the UN Security Council issued Resolution 2769 for the year 2025, allowing the LIA to invest its frozen cash reserves in low-risk time deposits with international financial institutions, while keeping the principal and returns frozen. It also permitted the reinvestment of accumulated cash held by investment fund managers, under the same freezing conditions.
The Libyan Investment Authority holds assets valued at $39.5 billion, divided into three investment portfolios: time deposits representing 57.5% of the total portfolio, equities at 23.49%, and investment funds at 19.01%. Tags: Libyan Investment Authority