“Enhancing Cooperation and Protecting Frozen Assets”

On Tuesday, June 11, 2024, the Chairman of the Board of Directors of the Libyan Investment Authority held a meeting with the Ambassador of Japan to Libya, Mr. Shimura Izuru, to discuss the related issues of the frozen funds by the UNSC resolutions; this meeting comes as Japan chairs the Sanctions Committee regarding Libya during 2023-2024.

During this meeting, the two parties discussed the latest updates related to the investment plan submitted to the Security Council Committee established pursuant to Resolution 1970 (2011) regarding Libya.

This included the LIA’s vision, strategic objectives, and promising opportunities provided by the investment plan to develop Libya’s economic performance.

The meeting also discussed the negative impact of the current freezing measures imposed on the assets of the Libyan Investment Authority, especially in light of the rapid growth of global markets.