LIA First-Half Profits Over $2 billion

The Deputy Governor of the Central Bank of Libya has announced that the Libyan Investment Authority (LIA) made a profit of $2-2.25 billion in the first half of 2013, according to a report from Libya Investment.

The sovereign wealth fund valued its investment portfolio at $64 billion in 2010.

The Deputy Governor said Libya needs a sovereign fund at around $250 billion to ensure the country is not totally dependent on oil revenue.

(Source: Libya Investment)

No comments yet.

Leave a Reply