The Libya Investment Authority (LIA) has expressed its approval of the United Nations Security Council’s decision to allow the reinvestment of its frozen assets. LIA described this as a step toward amending asset-freezing measures to enable reinvestment, reflecting its success in enhancing governance, transparency, and compliance with international financial standards.
In a statement released on Friday, LIA highlighted that Resolution 2769 (2025) permits the authority to reinvest frozen cash reserves in low-risk term deposits with international financial institutions, with both principal and returns remaining frozen.
Additionally, the resolution allows for the reinvestment of cash held by fund managers, which will also remain frozen along with any generated returns.
The resolution also outlines a review of other provisions in LIA’s short-term asset reinvestment plan, previously submitted to the Security Council last year.
LIA stated that the decision reflects “high confidence” built at both national and international levels. It credited its efforts in recent years to improve governance, transparency, and adherence to the Santiago Principles, alongside its successful adoption of international financial reporting standards.
It emphasised that the decision strengthens its position as a sovereign wealth fund committed to the highest global standards.
The council’s decision, according to LIA, resulted from collaborative efforts with the UN Libya sanctions committee to address the negative impacts of asset-freezing measures imposed since 2011. LIA views the resolution as a step forward in preserving asset value and protecting against depreciation.
LIA also praised Prime Minister Abdulhamid Dbaiba, the Ministry of Foreign Affairs, and Libya’s UN mission for their support, while commending its own team for their dedication and contributions to achieving this milestone.
