Libyan Investment Authority Scores 2nd Lowest

The Libyan Investment Authority (LIA) has scored second-lowest in a world ranking of sovereign wealth funds.

The study, by Allie E. Bagnall and Edwin M. Truman, of the Washington D.C.-based Peterson Institute for International Economics, found the LIA to be worse than all funds apart from that of Equatorial Guinea in terms of accountability and transparency.

It estimates the fund to have $56 billion in assets, all of them overseas.

(Source: Peterson Institute for International Economics)

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