Libya sovereign fund makes financial statements push msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
By Kharon Staff
Tuesday, April 20, 2021
A United Nations panel of experts repeated its call to impose sanctions on subsidiaries of the Libyan Investment Authority (LIA), citing mismanagement, a lack of transparency and other issues at the embattled sovereign wealth fund.
The LIA, established in 2006, has total declared assets of about USD 65 billion, according to the U.N. panel, which released its latest report on Libya in March. About USD 20 billion of the assets are in cash, much of it stored at the Libyan central bank, the U.N. said. A 2012 valuation posted on the sovereign wealth fund’s website had pegged its value at about USD 67 billion.
Selling dreams Dr. Hubert Minnis.
Always one to read the temperature of public discourse and react accordingly, Prime Minister Dr. Hubert Minnis has promised to accelerate the implementation of a sovereign wealth fund, an independent, non-partisan, transparent and accountable entity “to manage some of our most valuable land and our precious natural assets for the benefit of the Bahamian people”.
If the prime minister still widely held the trust of Bahamians, if in fact he ever had, his pledge might have offered some reason for optimism and satisfaction among many who have been quite vocal in recent months about the need for the protection of the country’s natural resources and the exploitation of these treasures for and on behalf of the Bahamian people.
PM Minnis, Keynote Speaker at Bahamas Business Outlook 2021 By Staff1 / in IN FOCUS, In The News: / on Thursday, 14 Jan 2021 07:20 PM / Comments Off on PM Minnis, Keynote Speaker at Bahamas Business Outlook 2021 / 1718
Prime Minister, the Most Hon. Dr. Hubert Minnis, was the keynote speaker during the opening session of the Bahamas Business Outlook on Thursday, January 14th, 2021, where he spoke about government incentives and assistance initiatives for businesses within the country, along with intended efforts to continue with a number of national infrastructure projects, in light of significant cuts in the 2021 Capital Works budget. Read the full speech below:
PM Minnis’ Bahamas Business Outlook Speech – January 14th
Deep Dive with Lyazzat Borankulova, Managing Director for Strategic Development of Samruk-Kazyna
Posted on 12/16/2020
This is a deep dive interview with Lyazzat Borankulova, Managing Director for Strategic Development of Samruk-Kazyna.
General information about Samruk-Kazyna
The sovereign wealth fund Samruk-Kazyna (the Fund) was founded in 2008 as a holding company by the decree of the President of Kazakhstan and is currently within the Top-20 global sovereign wealth funds in terms of the value of assets under management. The main mission of the Fund is to preserve and create wealth for future generations, with the government of Kazakhstan being the sole shareholder. By the end of 2019, the total assets under management of Samruk-Kazyna stood at over US$ 69 billion, comprising systematically important companies in oil & gas, mining, transportation, power, telecom, postal, chemicals, and real-estate sectors of Kazakhstan, with domestic market share ranging from 26% to 100%. We ar