Libyan Investment Authority welcomes UN Security Council resolution on frozen assets
via Libya Herald1 min read
The Libyan Investment Authority LIA welcomed UN Security Council Resolution 2819, adopted unanimously on April 15. The LIA stated that this resolution culminates its efforts to protect Libyan assets and preserve their value. The resolution allows the LIA to reinvest frozen cash balances while these balances remain subject to freezing measures. Additionally, the LIA noted that the resolution enhances its capacity to review, audit, and monitor its assets according to international standards, improving management efficiency and sustainability. The LIA believes the resolution affirms the confidence of the Security Council and the international community in its ability to reinvest assets with efficiency, transparency, and professionalism, thereby maximizing their value for the benefit of the Libyan people.
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