Louay Al-Griw, media advisor to the Libyan Investment Authority, clarified remarks regarding the final report issued pursuant to United Nations Security Council Resolution 2769 (2025), particularly paragraph 14, which allows—on an exceptional basis—the reinvestment of frozen Libyan cash assets.
Al-Griw confirmed that the limited number of applications submitted up to the time of the report’s preparation is not due to any shortcoming by the Libyan Investment Authority. He explained that the report clearly attributed this to interpretative and implementation challenges faced by member states and relevant international financial institutions when applying the reinvestment mechanism, without including any negative remarks about the Authority or its performance in the 2026 report.
He added that the Panel of Experts confirmed that this issue will be addressed following the issuance of an Implementation Assistance Notice, which is currently under preparation. This step is expected to help unify implementation mechanisms, preserve the value of Libya’s frozen assets, and reduce the risk of their erosion in a way that serves the public interest of the Libyan state.
Al-Griw also pointed out that some misleading media outlets have been circulating outdated reports or taking information out of context in an attempt to distort the professional efforts undertaken by the Libyan Investment Authority to protect sovereign assets and maintain their value.
He reiterated that the 2026 report did not include any negative observations regarding the Libyan Investment Authority.
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