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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

Libya SWF should pursue key reform priorities - IMF

Posted on 07 February 2013

Libya’s government needs to establish a governance framework with macro fiscal policy, whereby the North African country’s sovereign wealth fund (SWF) and the budget reserve account at the central bank are integrated as part of key reform priorities in the post-revolutionary transition period, the International Monetary Fund (IMF) said.
The SWF, known as the Libyan Investment Authority (LIA), should be a “fund system with clear and rigid inflow and outflow rules”, the Washington-based organisation said in a 62-page report released Tuesday. The fund needs to be “a dynamic and completely transparent and accountable system”, it said, adding that it should be based on clear and regulated investment criteria………………………………………..Full Article: Source


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