Libya’s $70 billion sovereign wealth fund made progress toward regaining full control of its assets after years of sanctions. The United Nations Security Council has passed Resolution No. 2769 (2025), allowing the Libyan Investment Authority (LIA) to reinvest its frozen assets while ensuring they remain under international restrictions. This marks a significant shift in policy since the asset freeze was imposed in 2011 following the Libyan crisis.
The LIA is permitted to invest its frozen cash reserves in low-risk time deposits with international financial institutions. The fund can reinvest accumulated cash with investment fund managers, ensuring its value does not erode over time. The Security Council will conduct a review of the remaining asset freeze restrictions, assessing the feasibility of further reinvestment strategies proposed by the LIA.