01-07-2025
LIA discusses reinvestment of frozen assets in New York
The Chairman of the Libyan Investment Authority (LIA), Ali Mahmoud Hassan, has held a series of meetings in New York with the Chair of the UN Security Council's Libya Sanctions Committee, as well as representatives and heads of missions from member states.
According to a statement by the LIA, the discussions focused on implementing the Security Council's resolution permitting the reinvestment of the Authority's unutilized cash assets.
Member states expressed their support for the LIA's efforts to responsibly invest the frozen funds in a manner that ensures their growth and preserves their value, while maintaining the asset freeze.
They also commended the LIA's professional approach to executing its investment strategy and stressed the importance of continued compliance with Security Council resolutions.
The LIA Chairman also met with representatives from Bahrain, Italy, and Belgium to discuss issues related to Libyan investments in those countries.
Talks covered ways to strengthen asset protection and enhance growth within the framework of international regulations.
The statement emphasized that the LIA is not seeking to lift the freeze on its assets but is requesting permission to reinvest them in low-risk financial instruments to preserve their value for future Libyan generations.
