The Chairman and CEO of the Libyan Investment Authority (LIA), Dr. Ali Mahmoud Hassan, held a series of high-level meetings at the United Nations headquarters in New York to discuss the future of Libya's frozen assets and mechanisms to ensure their optimal use while maintaining international compliance.
The meetings included the Chair of the UN Security Council's Libya Sanctions Committee, representatives, and ambassadors from member states such as the United States, China, France, the United Kingdom, Algeria, Somalia, Pakistan, as well as representatives from Bahrain, Belgium, and Italy. Libya's permanent representative to the UN also attended the discussions.
According to an official statement by the LIA, the meetings focused on implementing UN Security Council Resolution 2769 (2025), which allows the LIA to deploy its uninvested liquid assets in low-risk financial investments while remaining under the asset freeze. This approach aims to preserve and grow the value of Libya’s wealth for future generations.
Representatives of the participating countries expressed their full support for the LIA’s efforts, praising its professional approach and strategic management of Libyan assets. They also stressed the importance of continued adherence to all relevant UN Security Council resolutions.
The LIA clarified that it does not seek the lifting of the asset freeze but rather requests permission to reinvest its frozen funds in a way that protects their value and generates returns for the benefit of the Libyan people.