Is Libya’s Sovereign Wealth Fund Safe?

ISIS, also known as Islamic State of Iraq and the Levant or Daesh, has made inroads into war torn Libya. Car bombs plague eastern Libya. As violence continues to spread in Libya, one can wonder, who will be in control of Libya’s massive sovereign wealth fund, the Libyan Investment Authority (LIA)? A number of factions have emerged since the fall of Gaddafi which include: internationally-recognized government in Tobruk, Libya Dawn, General Khalifa Hifter’s militias and ISIS. Earlier in February, Italy, a strong ally of Libya, shuttered its embassy in Tripoli. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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