LIA is committed to bringing about real change in its continuous pursuit of excellence in its institutional performance. Our priority now is to move forward with the comprehensive transformation strategy, which aims to improve governance, transparency and accountability.
The strategy is composed of three key work tracks:
Since launching the Authority’s transformation program, we have taken a series of measures to ensure that the LIA aligns with the best practices of sovereign funds.
We continue to work closely with international experts to implement positive reforms and best practices in compliance with the Santiago Principles.
In completion of the work done, and as part of the transformation phase, LIA will continue to seek to submit a request for minor amendments to the current applicable sanctions regime to make it smarter and allow part of the assets under freezing to be managed in a way that ensures that these assets are protected from exposure to market risks and erosion.