The Libyan Investment Authority (LIA) reported yesterday that its Chairman and CEO, Ali Mahmoud Hassan, held a meeting on the same day in Paris, with the Libyan Ambassador to France and several officials from the French Ministries of Foreign Affairs and the Treasury.
The meeting focused on discussing mechanisms for implementing UN Security Council Resolution 2769 (2025), particularly Article 14, which allows the Libyan Investment Authority (LIA) to reinvest its frozen cash reserves in time deposits.
The LIA reported that discussions with the French side cantered on establishing practical arrangements to enable the LIA to reinvest its frozen cash reserves in France, preserving their value and achieving growth in line with global market rates.
The LIA affirmed its commitment to continued coordination with relevant international bodies to ensure the implementation of this resolution in a manner that protects the Authority’s assets and enhances their sustainability for future generations.
This latest meeting follows on from similar meetings held by the LIA with the British Ambassador and Russian Ambassador respectively earlier this month and with the Chinese Chargé d’affaires last month – to discuss the same topic.
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