In order to realize that, an executive program and steps to bring about these reforms were put in place. Emerging Markets. Institutional Investor. Libya Herald. Ahmed Abdullah Amar. Farhat Bengdara, a Gaddafi appointee, the former governor of the Central Bank of Libya and member of LIA’s board of trustees claimed that there was a «clear lack of governance at the LIA» surprising since he been on its governance board of trustees until the revolution came. From Wikipedia, the free encyclopedia.
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It was established on August 28, , by Decree of the General People’s Committee of Libya GPC , [1] after the lifting of economic sanctions that had previously precluded foreign investment in Libya. It is Africa’s largest sovereign wealth fund. It has the privileges and terms of reference of the Board of Directors and Chairman with a view to safeguard the normal administration of the company. The Steering Committee is chaired by Dr. Ali Mahmoud Hassan Mohamed. The other members are Eng. Abdulazeez Khaled Ali, Mr.
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Internal Management Reports were leaked to the Press by sacked staff in June and September which showed the Libyan Investment Authority had suffered much smaller losses than expected compared to the huge losses suffered by many sovereign wealth funds in the fallout of the crash. Bouhadi, by contrast, has repeatedly sough to unfreeze the assets, stating that said he would appeal to the UN, the US and the EU. Congratulations to Shahmar and Israfil on their new appointments! Reuters UK. Directory of sites.
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