Dr. Ali Mahmoud Hassan, Chairman and CEO of the Libyan Investment Authority (LIA), held a series of high-level meetings in New York with the Chair of the UN Security Council Sanctions Committee on Libya and representatives from member states including the U.S., U.K., China, France, Somalia, Pakistan, Algeria, and others, in the presence of Libya’s Permanent Representative to the UN.
The meetings focused on mechanisms to implement UN Security Council Resolution 2769 (2025), which allows the LIA to reinvest its non-invested frozen cash assets. Member states expressed their support for the LIA’s efforts and praised its professional approach to preserving and growing Libyan assets while maintaining compliance with international sanctions.
Dr. Mahmoud also met with representatives from Bahrain, Italy, and Belgium to discuss issues related to Libyan investments in those countries, aiming to enhance asset protection and ensure optimal management.
The LIA reaffirmed that it is not requesting the lifting of the asset freeze, but rather seeking permission to reinvest frozen funds in low-risk instruments in accordance with Article 14 of Resolution 2769, to preserve value for future Libyan generations.
