The Chairman of the Libyan Investment Authority, Ali Mahmoud, discussed with US Assistant Secretary of the Treasury Eric Meyer mechanisms for implementing the UN Security Council resolution allowing the reinvestment of Libya’s frozen assets.
In a statement issued Saturday, the Authority said the meeting with the US Assistant Secretary for the Middle East and North Africa comes within the framework of strengthening cooperation and coordination on issues of mutual interest.
The meeting addressed how to implement UN Security Council Resolution No. (2819) of 2026, with a focus on practical mechanisms to activate it, allowing the use of uninvested cash assets within the scope permitted by the resolution, in a way that contributes to protecting the Authority’s assets and preserving their value, according to the statement.
The Authority noted that both sides stressed the importance of adhering to relevant international legal frameworks and enhancing cooperation to support sound asset management and ensure protection from risks, given the exceptional circumstances governing Libya’s frozen assets.
The UN Security Council resolution, which extends the sanctions regime imposed on Libya, includes financial exemptions that enhance the Authority’s ability to review, audit, and monitor all its assets under UN supervision, with the aim of protecting these frozen assets from erosion and loss of value, and ensuring their safe management.
