The Libyan Investment Authority (LIA) welcomed last Wednesday (15 April) the provisions of the UN Security Council Resolution 2819 (adopted unanimously) concerning matters specific to the LIA. The LIA said this represent the culmination of its efforts and support for its endeavours to protect its Libyan assets and preserve their value through the reinvestment of frozen cash balances, while these balances remain subject to the freezing measures.
This resolution, the LIA said, also enables it to enhance its capacity to review, audit, and monitor all its assets in accordance with the highest and best international standards and practices, thereby strengthening its management efficiency and sustainability. The resolution, it continued, affirms the confidence of the Security Council and the international community in the LIA’s ability to reinvest its assets with the highest levels of efficiency, transparency, and professionalism, thereby preserving and maximizing their value.
The LIA reaffirmed its firm and unwavering commitment to protecting these assets for the benefit of the Libyan people.
