Risk is an integral part of any investment process, and it is represented by uncertainty, and it is measured according to its probability of occurrence and the potential effects if it occurs.
The Libyan Investment Authority is charged with protecting and developing the wealth of the Libyan people for the benefit of future generations. To achieve this, we must proactively manage risks.
We are aware of the importance of comprehensive risk management to identify and analyze all types of risks in different asset classes, as well as ensure that any potential problems are mitigated and managed efficiently.
We are committed to adopting a strategy that includes the identification, measuring, monitoring and reporting of key risks. This strategy harnesses the information gathered during this process to enhance LIA‘s decision-making.
Our investment approach is based on a solid risk management framework, which is based on the “three lines of defense” model.
Day to day operations
Putting in place a framework for oversight on the level of sections.
Oversight Missions
Strategic management: put in place policies & procedures & staff oversight.
Day to day operations
Putting in place a framework for oversight on the level of sections.
Oversight Missions
Strategic management: put in place policies & procedures & staff oversight.
AUDIT
Submission of audit & independent guarantess.
AUDIT
Submission of audit & independent guarantess.
In general, we strive to achieve stable long-term financial returns within an accurate framework.
Our investment decisions emanate from our economic objectives, as stipulated in Law No. 13 and our obligations under United Nations Security Council Resolutions 1970, 1973, 2009 of 2011.
We are enhancing our risk management approach through a continuous focus on risk awareness throughout our Authority.
We also focus on maximizing our ability to achieve the strategic objectives of LIA, promoting sound decision-making, and protecting LIA and its employees.