In its latest efforts to recover Libya’s frozen overseas assets, the Libyan Investment Authority (LIA) – the country’s sovereign wealth fund – says it is seeking the UN Security Council’s approval of the short-term investment plan it submitted in March, with Chairman Ali Mahmoud Hassan expecting the sign-off by the end of 2024.
The UNSC in October extended the mandate of the Panel of Experts – tasked with implementing Libya sanctions including the asset freeze since 2011 – until 15 February 2025, with the intent to provide the Council with a final report “no later than 15 December 2024.” (CONTINUED - 950 WORDS)
