LIBYA TAKES LONG VIEW ON SOVEREIGN WEALTH

摘要

Libya's fledgling sovereign wealth fund (SWF) was luckily too late to invest much of the country's vast currency reserves in the global markets before they collapsed. The prime minister and secretary of the General People's Committee (GPC), Al-Baghdadi Al-Mahmoudi, recently confirmed to journalists that Libyan Investment Authority (LIA) investments and deposits had not been damaged in the current crisis. Mr Mahmoudi, who is also chairman of the LIA's advisory board, said: "We have not been harmed by what has happened in the confusion of the global financial market. No investments of the Great Jamahiriya have been affected and that is the result of wise policy which the authority has followed."