We have prepared a plan to protect funds from repercussions of Coronavirus: LIA
By Sami Zaptia.
London, 6 April 2020:
The Media Office of the Libyan Investment Authority (LIA) revealed in a statement to Libya Harald today that the LIA had begun monitoring the effects, repercussions and losses of its portfolios and companies, in the context of the impact of the Coronavirus (Covid-19) crisis on the world economy.
It added that the LIA was preparing a plan to mitigate the effects the Coronavirus in cooperation with its international partners, considered among the largest companies in the world, stressing that the measures will be announced next week.
The Media Office explained that the LIA’s Board of Directors and its chairman, Ali Mahmoud, are in constant contact with the Sovereign Funds Forum, which holds continuous meetings with other global sovereign funds to develop a mechanism to mitigate the effects of the Coronavirus pandemic.