March 5, 2021

Libya: The Wealth of a Nation

Explaining how the Libyan Investment Authority (LIA) was formed, rivalries and court cases that emerged from its work, and .ongoing governance challenges

Explaining how the Libyan Investment Authority (LIA) was formed, rivalries and court cases that emerged from its work, .and ongoing governance challenges

The LIA was established in 2006 as Libya’s sovereign wealth fund, with the aim of investing the wealth of the Libyan people for future .generations and reducing the state’s dependence on oil

.Problems of structure and governance have persisted as the LIA struggles to escape the legacy of the Gaddafi regime

The LIA was formed not just as a means of allocating the windfall from the sale of oil and gas for the benefit of future generations, but also .as a tool for distributing patronage and leveraging political influence

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Libya: Investing the Wealth of a Nation For more details, read the accompanying long read 


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