In March, The Sentry published a report titled ‘The Libyan Investment Authority’s Not-So Frozen Billions'. According to the report, while there is a widespread assumption that the freeze imposed by the UN in 2011 affects all of the assets owned by the Libyan Investment Authority (LIA), this is not the case. ‘The Libyan people should expect that the billions of dollars invested since prior to 2011—or at least those assets not subject to any sanctions—should be delivering a return on investment,’ the report says. ‘Instead, the total value of the LIA’s assets has in fact fallen since 2011, and the assessed value of the assets that were not frozen or for which licenses were obtained has not increased.’
Read the full report here.