Ahmad 
The chief executive of the Libyan Investment Authority (LIA), the country’s sovereign wealth fund, has announced that the institution expects the United Nations to approve active management of its frozen assets.
The LIA’s frozen assets are estimated at $70 billion, and approval is expected by the end of this year.
The LIA was established in 2006 by Muammar Gaddafi to manage the country’s oil wealth but has been subject to a UN asset freeze since the uprising that toppled Gaddafi in 2011.
Active management of the frozen assets will be an important step towards achieving financial stability and investing Libya’s oil wealth more effectively, enhancing opportunities for economic development and reconstruction in the country.
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