LIA Delegation Visits Bahrain to Follow Up on Training Programme – Al Marsad

A delegation of the Libyan Investment Authority (LIA) headed by its Chairman, Ali Mahmoud Hassan, met with the Governor of the Central Bank of Bahrain, Saeed Al-Maraj, in the Bahraini capital, Manama, to discuss aspects of cooperation and technical and advisory support between the two parties.

[Libya, 9 November 2019] – The Libyan Investment Authority (LIA) said in a statement that the meeting, which took place last Wednesday comes within the framework of “implementing the strategy of governance and compliance with international standards of sovereign funds and the protection of assets of the Libyan Investment Authority as a sovereign fund for the future generations,” according to LIA’s account on Facebook.

The delegation of the Libyan Investment Authority (LIA) also visited the Bahrain Institute of Banking and Finance (BIBF), which was appointed to train and qualify the LIA employees. The delegation was briefed on the progress of the training programme in order to ensure that all employees are fully prepared to keep up with the implementation of the approved strategy.

The Bahrain Institute of Banking and Finance (BIBF)

During the LIA visit to the BIBF, the delegation convened with its Executive Director, Ahmed Al-Sheikh, to follow up the implementation of the training plan. The delegation met also with the Libyan trainees to check on their performance and interaction with the training programme.

Furthermore, a technical meeting was held between the visiting team and consultants from Deloitte to discuss the work mechanisms required for the implementation of the strategy of LIA.

The LIA has been working for months to implement a strategy of governance, compliance, and assets’ protection in partnership with leading international institutions.

© Al Marsad English (2019).