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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Libya: Country’s wealth fund equals 75pct of the economy

Posted on 28 February 2011

From Gulfnews.com: There is no reliable data on how rich Libya might be in terms of accumulated wealth in its sovereign wealth fund. It is estimated that the Libyan Investment Authority (LIA), set up in 2006 to manage the country’s oil revenues has assets of around $70 billion (Dh257.46 billion), equivalent to nearly 75 per cent of the country’s economy.
LIA, which is roughly the same size as Qatar’s sovereign wealth fund, publishes little information, but a rare annual report in 2009 shows how liquid the fund is……………………………………….Full Article: Source


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