Libyan Investment Authority

Posted in Finance, Accounting and Economics Terms, Total Reads: 444
Advertisements

Definition: Libyan Investment Authority

Libyan Investment authority is a government organization of Libya which manages the sovereign wealth funds. It was established in 2006 and is governed by board of trustees consisting of mix of government officials and country’s banking experts. This authority is answerable to the Libyan prime minister.


This committee manages and oversees the investments in various sectors namely:

• Agriculture

• Real estate

• Infrastructure

• Oil and Gas

• Shares and bonds


Its primary focus is on the surplus oil revenue country generates through Libyan oil reserves.

LIA is one of the world’s smallest wealth funds and managed approximately $70 billion of assets in 2009.

 

Search & Explore : Management Dictionary

Browse the definition and meaning of more terms similar to Libyan Investment Authority. The Management Dictionary covers over 7000 business concepts from 6 categories.



Share this Page on:

Similar Definitions from same Category: