Discover and read the best of Twitter Threads about #LIA

Most recents (2)

I hear that Zayid Hadiyah, Chairman of #Libya’s House of Reps' Oversight Cmte, is accusing #Serraj’s Brotherhood-aligned gov’t of buying weapons from #Iran. Meanwhile, I’ve seen other accusations that #Haftar‘s being backed by #Russia, #France, & even tacitly by the US.
… again, at the center of this conflict is something that isn’t being covered: the Central Bank of #Libya (#CBL), the fiscal agent/fiduciary custodian of the Libyan Investment Authority (#LIA) — a multi-billion dollar fund whose assets are partially frozen — and who controls it.
… the Central Bank of #Libya & the #Malta-HQ’d Libyan Investment Authority have both been accused of backing terrorists at different times. As long as this war over the #CBL & #LIA rages, the fighting will continue. We need transparent multinational audits of both organizations.
Read 3 tweets
The crisis in #Libya is still unfolding. The latest is this: the Libyan government gives families a $500/yr grant. For the poorest of families, this is their one big windfall to last them through the year. But there’s a problem. The Civil Registration Authority (CRA), which…
… gives out national ID numbers & cards, has oh-so-miraculously discovered that it somehow issued a million or so fake ID numbers to persons unknown (yeah, right 🙄). This was clearly a mechanism for *somebody* 👀 to rob even more money from the Central Bank of #Libya (CBL)…
… which is an even bigger problem, b/c the CBL is the fiscal custodian of the #Libya’n Investment Authority’s billions of dollars of funds — which are partially “frozen” (read: probably stolen) by foreign powers. People (yours truly) have been saying, “Good Lord, look at the…
Read 5 tweets

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