On 1 May, The New Arab published an op-ed by Justyna Gudzowska, Executive Director of The Sentry, titled ‘Absent reforms, unfreezing Libyan Investment Authority is risky’. In her article, Gudzowska argues that for the Libyan Investment Authority (LIA), the country’s sovereign wealth fund, to have any relief from UN sanctions, it must first present a comprehensive asset valuation and consolidated accounts. ‘The main problem is not that the Security Council froze Libya’s sovereign wealth,’ she argues. ‘It is that the LIA’s current leadership cannot even fully identify the assets it controls, has failed to produce a credible public audit, and presides over an organisation in which conflicts of interest, political interference, and corruption have become routine.’
Read the full op-ed here.