To finance its projects in Libya, the ‘Libya Africa’ Investment Portfolio (LAIP) has agreed to form a specialised working group to initiate the practical procedures for issuing Islamic bonds. This decision came during an extensive discussion session that brought together a number of officials and financial experts.
The attendees, including the portfolio’s Chairman and General Manager, and the head of the Capital Market Authority (CMA), discussed the possibility of using this financing mechanism through a Special Purpose Vehicle (SPV) to provide stable and secure funding for the projects.
Through this step, the portfolio seeks to support its domestic investments while maintaining its external role. Representatives from the Islamic Development Bank and the Solidarity Fund also participated in the discussion.