CORRECTED-OFFICIAL-Libya sovereign fund makes financial statements push Reuters 8 hrs ago By Tom Arnold
(The Libyan Investment Authority corrects paragraphs 1 and 5 to reflect that publication of consolidated financial statements will not occur by the end of this month, but will take longer.)
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By Tom Arnold
LONDON, May 18 (Reuters) - The Libyan Investment Authority will this month begin preparations to start reporting consolidated financial statements, it told Reuters, after announcing it had $68 billion in largely frozen assets following its first internal evaluation process in years.
Africa s largest sovereign wealth fund is working to regain the trust of the international community after the United Nations froze most of its assets during the 2011 rising that toppled Muammar Gaddafi.
UPDATE 1-Libya sovereign fund makes financial statements push Reuters 6 hrs ago
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By Tom Arnold
LONDON, May 18 (Reuters) - The Libyan Investment Authority will this month begin preparations to start reporting consolidated financial statements, it told Reuters, after announcing it had $68 billion in largely frozen assets following its first internal evaluation process in years.
Africa s largest sovereign wealth fund is working to regain the trust of the international community after the United Nations froze most of its assets during the 2011 rising that toppled Muammar Gaddafi.
It said this month its first asset valuation since 2012 had revealed assets of $68.35 billion at end-2019 compared to $67 billion in 2012.
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