council of the government of national accord appoints an interim steering committee for the administration of the libyan investment authority . established in 2006 the libyan investment authority lia is the sovereign wealth fund of libya . its purpose is to create a diversified source of wealth for libya s future generations by investing internationally with a sustainable long term view . the lia s accountability is ultimately to the libyan people . the mandate is to preserve protect and grow assets and investments . the lia aims to diversify national investment from a reliance on oil and gas production and to invest abroad on the grounds of economic feasibility in diverse economic areas . while the vast majority of assets are held outside libya the lia is also mandated to invest a small proportion of its investments in country which it does through a local investment development fund . in managing the assets the lia seeks to secure the future of the upcoming generations of libyans provide financial stability for real economic development and to enable citizens to have economic security and prosperity in the future . latest newslia response to ruling in goldman sachs casegna appointed lia steering cmte meets in tuniscategoriesnewsmedia coveragemedia statementsinformationbackground datafactsheets contact us libyan investment authority english fran ais