Investment Authority: Plan to Protect Libyan Investments Abroad from COVID19 Implications – Al Marsad

Head of PR and media at the Libyan Investment Authority (LIA), Loay al-Qaryo, said that the board of directors has started monitoring the consequences and incurred losses on portfolios and companies due to the implication of the coronavirus crisis on the economy.

[Libya, 31 March 2020] – In a private statement to 218 Channel, al-Qaryo explained that the authority is devising a plan to combat COVID19 in collaboration with its international partners, which are some of the largest global conglomerates. He said that the procedures will be announced next week.

The head of PR clarified that the board of directors is in constant communication with the International Forum of Sovereign Wealth Funds, which is regularly holding meeting attended by other sovereign wealth funds to determine an approach to avoid implications of the coronavirus crisis.

© Al Marsad English (2020)