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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Trends

Libyan wealth fund hampered by power struggles, sanctions

Posted on 04 October 2016

A protracted power struggle over Libya’s $67 billion sovereign wealth fund risks becoming even more complicated as rival claimants for its chairmanship challenge a bid for control by a U.N.-backed government in Tripoli.
The Libyan Investment Authority (LIA) has been under U.N. sanctions since the toppling of veteran ruler Muammar Gaddafi in 2011. The Security Council has extended the sanctions until July 2017, with diplomats saying they want to see a stable government in Libya before relaxing them…………………………………….Full Article: Source


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