LIBYAN INVESTMENT AUTHORITY
A government organization that administers the sovereign wealth funds of Libya. Established in August 2006 by the General People’s Committee of Libya, its sovereign wealth funds come from excess oil revenues from Libyan oil reserves. Its objectives are to manage the value of its oil reserves and diversify the dependence of national income. The Libyan Investment Authority (LIA) creates investments through several external managers and can make local investments. As per Sovereign Wealth Fund Institute, LIA has managed around $70 billion assets as of 2009.
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