| The Libyan Investment Authority (LIA) is the sovereign wealth fund (SWF) of Libya. In other words, it is a state-owned institute that is responsible for the proper investment management of Libya’s mounting oil revenue surpluses (any revenue in excess of the subscribed annual fiscal budget for the Libyan Government).
According to the official website of the LIA, the fund was established by a General Peoples Committee Decree in December 2006 to “protect and develop the value of Libya’s oil revenue reserves and to diversify the sources of national income away from the dependence on these.”..............................................Full Article: Source
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