Tripoli: The Libyan Investment Authority (LIA) has announced its support for the United Nations Security Council's Resolution 2819 from 2026, which permits the reinvestment of frozen cash assets while keeping them under freezing measures. This move is seen as a crucial step in safeguarding the assets and maintaining their value.
According to Libyan News Agency, the LIA stated that the resolution was unanimously adopted by the Security Council. This decision enhances the Authority's capabilities to review, audit, and monitor its assets in line with international standards, promoting transparency, governance, and improved management efficiency.
The LIA has expressed gratitude towards Abdulhamid Dbeibah, the Prime Minister of the Government of National Unity and Chairman of the Board of Trustees, for his backing in asset protection efforts. Additionally, it acknowledged the contributions of the Ministry of Foreign Affairs and International Cooperation and the Permanent Mission of Libya to the United Nations in New York. The LIA emphasized that the resolution reflects the Security Council's trust in its capacity to manage assets effectively and reiterated its dedication to nurturing these assets for the welfare of the Libyan populace.