Libya Protests, No Raiding Sovereign Wealth Fund

Posted on 09/18/2013


Libyan Central Bank Governor Saddek Omar Ali Elkaber said that he would not be using any of the cash or assets held by Libya’s US$ 65 billion sovereign wealth fund to offset a plunge in oil production in recent months. Governor Elkaber characterized the idea of fund raiding as “wrong” saying that internal struggles (like […]

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