Latest news with #LibyanInvestmentAuthority
Libya Herald
7 days ago
- Business
- Libya Herald
LIA organises investment forum in London with participation of international banks, asset managers and investment funds
The Libyan Investment Authority (LIA) announced last Sunday (6 July) that it had organised an investment forum in London last Thursday (3 July), in the presence of a group of representatives of international banks, asset managers and investment funds. The LIA reported that the forum witnessed the participation of reputable financial institutions: Bank of New York (BNY), J.P. Morgan, Euroclear, Qatar National Bank (QNB), Jefferies Bank, and Marks Financial Services (Marex). A number of asset managers and investment funds also participated: Western Asset, Notz Stucki, Weverton, Sculptor, Carlyle Group and Federated Hermes. During the forum, the LIA gave a detailed presentation on its financial investment portfolio, and reviewed its vision and future plan for employing its assets, within the framework of Security Council Resolution No. 2769 of 2025, which aims to achieve the optimal use of cash balances and enhance transparency and efficiency in the management of frozen assets. The LIA said this forum comes as part of its efforts to strengthen its international partnerships and explore new investment opportunities that contribute to supporting the Libyan economy and achieve long-term financial sustainability.
Libya Observer
08-07-2025
- Business
- Libya Observer
LIA showcases its asset deployment plan and international partnership strategy in London
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
Libya Review
02-07-2025
- Business
- Libya Review
Libya Achieves World's Highest Growth Rate Among Sovereign Funds
The Libyan Investment Authority (LIA) has recorded the highest growth rate globally among sovereign wealth funds in 2025, according to a recent report released by Global SWF, an organization that monitors governance, sustainability, and resilience efforts of leading state-owned investors worldwide. In a statement published on its official Facebook page, the LIA announced its notable progress in this year's Governance, Sustainability, and Resilience (GSR) scoreboard, a global benchmark that evaluates state-owned investment funds based on strategic clarity, governance standards, financial transparency, investment policies, sustainability practices, and risk management. According to the report, the Libyan Investment Authority achieved an overall score of 84%, marking a 32% increase compared to the previous year—the highest growth rate among sovereign wealth funds worldwide for 2025. The LIA noted that this result reinforces its growing prominence at both the regional and continental levels, ranking third in the Arab world and second in Africa on the GSR index. The authority attributed this success to a series of ongoing reforms and best practices implemented in recent years, including enhanced governance, greater financial disclosure, and improved adaptability to the rapidly evolving global investment environment. Over a six-year period, the LIA's GSR score has surged from just 4% to 84%, reflecting the effectiveness of its long-term institutional reforms. The LIA emphasized that this achievement aligns with the execution of its 2025–2027 strategy, which places a strong focus on transparency, corporate governance, and adherence to international best practices. Tags: Global SWFGSR indexLIAlibya
Libya Observer
01-07-2025
- Business
- Libya Observer
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.
Libya Observer
10-05-2025
- Business
- Libya Observer
Libyan Investment Authority denies "unfreezing assets" abroad
The Libyan Investment Authority (LIA) has denied claims circulating on social media about the unfreezing of its assets, stressing that such allegations are inaccurate and not based on reliable sources or official reports issued by relevant authorities. In a statement released Friday, LIA clarified that it has not called for the unfreezing of its assets but rather for the full utilization of its assets within the framework of the freeze measures and UN Security Council resolutions on the matter. LIA reaffirmed that all its investment portfolios and sovereign funds are subject to regular oversight by local bodies such as the Audit Bureau and the Administrative Control Authority, as well as international licensed auditors. Its accounts are also regularly reviewed in accordance with globally recognized standards of governance, disclosure, and transparency. LIA strongly denied any communication with parties advocating for the lifting of the freeze, stressing that its periodic briefings and communications are solely with the Prime Minister of the Government of National Unity in his capacity as Chairman of the LIA's Board of Trustees. It concluded its statement by urging media outlets to verify information regarding the frozen assets, noting that it reserves the legal right to pursue those who promote claims that undermine trust in a sovereign institution responsible for managing Libya's assets around the world. Tags: Libyan Investment Authority Libyan frozen assets
