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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libya’s sovereign wealth fund to invest to improve the country

Posted on 16 May 2014

The Libyan Investment Authority (LIA), the oil producer’s sovereign wealth fund, plans to invest billions of dollars in the local stock market to help fund badly needed infrastructure projects, its new head said. Chairperson Abdulmagid Breish, also said the LIA, which owns assets worth $66 billion, plans a special fund to cover future budget deficits - a timely idea as protests at oil facilities undermine public finances.
Little has been disclosed about the fund’s future investment strategy since the overthrow of Muammar Gaddafi in 2011. The LIA has been busy getting released assets temporarily frozen abroad during the 2011 uprising war………………………………………..Full Article: Source


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