Libya’s Administrative Control Authority (ACA) has convened a high-level summit in Tripoli to conduct a comprehensive audit of the state’s overseas investment portfolio and financial standing. Chaired by Abdullah Qaderbou, the session brought together influential parliamentary figures, foreign ministry officials, and a specialist oversight team dedicated to monitoring compliance with UN Security Council resolutions 1970, 1973, and 2769. The meeting underscores a renewed institutional commitment to protecting Libya’s sovereign wealth from external risks and internal mismanagement.
Libya’s acting foreign minister meets investment chief to safeguard frozen assets abroad
The discussions were framed by Parliamentary Resolution 113 (2025), which mandates a rigorous review of Libyan assets currently invested or frozen abroad. Officials examined technical reports from sub-committees that scrutinized the operational standards and legal frameworks governing these funds. A central theme of the talks was the implementation of robust governance and transparency protocols, designed to insulate national resources from the financial fallout of poor inter-agency coordination. Qaderbou emphasized that “adhering to international financial benchmarks is a strategic necessity,” asserting that the ACA will continue to harmonize its oversight with global standards to safeguard national sovereignty over its assets.
The assembly concluded with a mandate for enhanced information-sharing and the establishment of a periodic reporting cycle to track the performance of overseas investments. By reinforcing the integrity of its financial administration and strictly following UN mandates, the ACA aims to bolster international confidence in Libyan institutions. This strategic push for administrative reform is viewed as essential for securing the long-term sustainability of Libya’s sovereign wealth, ensuring that the nation’s resources are preserved for future generations through disciplined and transparent management.