The assets owned directly by the LIA remain subject to the freezing measures imposed by the UN Security Council pursuant to its resolutions (1970 – 1973 – 2009) of 2011. These measures were imposed in order to preserve the assets of Libya’s sovereign wealth fund from any legal disputes at the time. However, despite the legitimacy of their initial objectives, these measures have resulted in significant challenges which impacted the LIA’s capability in achieving the ultimate returns of its frozen assets under the changes of the rapid international economic.

Guided by its unwavering commitment to preserving these assets and maintaining their value for the future generations, The LIA prioritise the freezing measures file within its transformation strategy. This was underpinned by a strictly considered vision that aims to mitigate any negative impacts of the freezing measures while building bridges of trust with the UN Panel of Experts and Security Council Committee. To achieve this vision, the LIA adheres to the transparent and trusted reports submitted to the UN Security Council Committee concerning Libya and the Council’s member states. These reports provide a detailed analysis of the negative impacts resulted on the frozen assets, while demonstrating the LIA’s commitment to the UN security Council resolutions, and its full compliance with the freezing measures.

These exerted efforts culminated the UN security Council’s resolution (2701) of 2023, which expressed the Council’s willingness to reconsider the freezing measures to address the already existing challenges. in response, the LIA initiated the development of a plan to reinvest the frozen assets; while remaining subject to the freezing measures, as a part of its commitment in safeguarding its assets and maximizing their value.

The UN Security Council has issued its resolution (2769) of 2025 as a result of the significant development that reflects the success of the LIA’s efforts, which focused primarily on preserving its assets and enhancing governance, transparency, and compliance to the Santiago principles. This resolution emphasized the importance of preserving the LIA’s assets and allowing the LIA to invest its frozen cash reserves in low-risk time deposits with selected financial institutions under the freezing measures. Additionally, it permits the reinvestment of accumulated financial returns with investment funds managers while remaining subject to the freezing measures.