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Sovereign Wealth Funds Briefing - Categorized | Market

Oil makes for strong ties between Italy and Libya

Posted on 12 December 2008

From IHT: A report released by the International Monetary Fund praised Libya’s $50 billion sovereign wealth fund for its transparency and management but said it needed to start investing beyond North Africa.

Italy is familiar - and available - territory for Libyan investment. United Nations sanctions were lifted in 2003 and since then Libya has initiated a series of structural reforms and sped up its transition to a “people’s capitalism.”…. Full Article: Source


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