The leaks of the final statement of the “Libya Stability Conference” revealed the government’s demand to unfreeze the Sovereign Fund’s money; “For fear of eroding and losing it within years.”
Sources responsible for the Libyan Investment Authority said in statements to Al-Araby Al-Jadeed on Sunday that the government seeks to open new horizons for the fund through investment inside the country and reconstruction.
In a related context, the Audit Bureau revealed that the profits of the Libyan Sovereign Fund amounted to 1.4 billion dollars, equivalent to only about 2% of the total capital.
It is worth noting that the decision to freeze led to depriving the fund of the returns of its liquid assets amounting to 20 billion dollars, and most of the liquid assets of the Libyan sovereign fund have been under the international embargo for about 10 years; In response to the request of the National Transitional Council in 2011; For fear of being taken over by other parties.
