The Libyan Investment Authority (LIA) is committed to implementing real change in the continuous pursuit of institutional excellence. Our immediate priority is to drive forward our comprehensive transformation strategy, aimed at improving governance, transparency and accountability across our organisation.
This strategic initiative reinforces our mandate to preserve and grow Libya’s wealth, for the benefit of the Libyan people and future generations.
Working with our international advisors, a primary goal of our transformation program is to restore the possibility of growth, and align the LIA’s investment activities to that of leading sovereign wealth funds (SWF) around the world.
Our transformation strategy is composed of three core programmes of work:
Since the launch of our transformation programme, we have introduced a series of transformative measures to bring the LIA in line with best-in-class SWFs.
We continue to work closely with international experts to implement positive reforms and best practices in adherence to the IFSWF’s Santiago Principles.
As part of our ongoing transformation journey, the LIA will continue to build upon feedback from the UN Security Council Sanctions Committee, to accelerate the move towards a well-conceived smarter sanctions plan that delivers a prosperous future for the Libyan people.
This will be achieved through ensuring that our ongoing work closely adheres to the IFSWF’s Santiago Principles, while continuing to cooperate with all relevant domestic, international and multilateral organisations in the most transparent and open manner.