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Libya: Freezing Libyan funds temporarily lesser of two evils amid division

Libya: Freezing Libyan funds temporarily lesser of two evils amid division

Rédaction Africa Links 24 with Mowafag Ragas
Published on 2026-05-09 20:55:40

Libya – Presidential candidate Fadhil Al-Amin stated that Libyan funds frozen abroad for nearly 15 years were initially frozen to prevent misuse. This was done to avert theft or looting. He noted that most of these funds belong to the Libyan Investment Authority. The LIA was established as Libya’s sovereign wealth fund. It serves as an investment vehicle for future generations.

Al-Amin posted on his personal Facebook page. He explained that Libya’s investment model often fell short of…

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