In a significant move, the UN Security Council has adopted a resolution permitting the Libyan Investment Authority (LIA) to reinvest its frozen assets, aiming to preserve their value for the benefit of the Libyan people.
On January 17, 2025, the UN Security Council passed a resolution allowing the LIA to reinvest its frozen assets, marking a pivotal step toward economic stability in Libya.
The resolution enables the LIA to reinvest approximately $70 billion in assets that were frozen during the 2011 uprising against Muammar Gaddafi.
The reinvestment is to be conducted in low-risk time deposits with reputable financial institutions, ensuring the assets’ value is maintained for future use by the Libyan populace.
This decision reflects the international community’s support for Libya’s sovereignty and economic recovery, providing a framework for the LIA to manage its assets effectively while safeguarding them for the nation’s future.
