Commented Ahmed Othman, and Bader Ben Othman CEO of the Libyan Local Investment Development Fund (LLIDF), an LIA Subsidiary:
"We at the LLIDF very much welcome that the LIA Board of Trustees has convened and that the LIA governance, as per Law no. 13, has been settled once and for all.
’’We look forward working and collaborating with the Board of Trustees and its Directors, and continuing our efforts in the broader stabilisation efforts for Libya.’'
Dr. Fabio Scacciavillani, Chief Strategy Officer of the Oman Investment Fund, who has been advising the LIA on key governance issues and the application of the Santiago Principles with NRGI, welcomed the developments, remarking that:
"This development represents a vital step forwards, allowing the Libyan authorities, under the aegis of the international community, to effectively manage LIA's assets in the best interest of the Libyan people.
"At such a critical juncture, it is imperative that all parties renew their efforts to grant LIA the necessary autonomy in fulfilling its mandate, while ensuring the highest international governance standards. The recovery of the Libyan economy depends crucially on the efficient use of LIA's conspicuous resources to attain key economic and social objectives."
