The Libyan Investment Authority called on the Security Council to amend the sanctions regime imposed on Libya, so that it can control its frozen assets to limit its exposure to further losses in its value.
The Foundation announced during its management meeting with the President of the International Executive Forum of the Sovereign Wealth Fund, “Duncan Bonfled”, on Friday, that it aims to protect and preserve the assets and investments of the Libyan people, and that it does not demand the lifting of sanctions or the cancellation of the freeze on its assets, but rather will be committed to work within the framework of United Nations sanctions.
The International Forum of the Sovereign Wealth Fund is a voluntary organization committed to promoting good governance and investment management practices , founded in 2008, it includes 23 countries.
It is worth noting that the Libyan Investment Authority demanded last May that it be allowed to make minor amendments to the penal system in order to stop the negative effects of the sanctions regime on the institution’s investments.
