The Chairman and Chief Executive Officer of the Libyan Investment Authority (LIA), Ali Mahmoud Hassan, has met with the Ambassador of Greece to Libya, Ioannis Papameletiou, to discuss mechanisms for implementing United Nations Security Council Resolution 2769 of 2025.
The meeting took place on Monday at the LIA headquarters and focused on international cooperation to support the protection and management of Libya’s frozen sovereign assets. Both sides reviewed practical steps to enable the reinvestment of certain assets in line with the Security Council resolution, while ensuring they remain frozen and fully protected under international law.
According to a statement by the LIA, discussions highlighted Greece’s role in supporting the Libyan file at the United Nations, particularly as Greece currently holds the position of Vice-Chair of the UN Security Council committee on Libya. This role was described as significant in advancing efforts to safeguard Libyan assets abroad and prevent their erosion in value.
Ali Mahmoud Hassan stressed the importance of applying international best practices in asset management, noting that the Libyan Investment Authority aims to preserve the market value of frozen assets and, where permitted, reinvest non-operational holdings to protect long-term returns. He underlined that any reinvestment would remain strictly compliant with UN resolutions and oversight mechanisms.
The Greek ambassador reaffirmed his country’s support for initiatives that enhance transparency, sound governance, and international cooperation regarding Libyan sovereign wealth. He emphasised Greece’s readiness to contribute constructively within the UN framework to support the stability and sustainability of Libya’s investment portfolio.
The meeting comes amid broader efforts by the Libyan Investment Authority to reactivate non-invested assets without breaching the international freeze. Officials say this approach is intended to reduce financial risks, protect national wealth, and strengthen institutional credibility.
