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The New Arab Op-ed: Absent reforms, unfreezing Libyan Investment Authority is risky

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Op-Ed / / 05.04.26 Note: This op-ed was originally published in The New Arab and was authored by Justyna Gudzowska, Executive Director of The Sentry. Libya’s sovereign wealth fund needs better governance before UN sanctions can be eased, argues Justyna Gudzowska. On 11 April, the United States brokered a unified spending framework for Libya, endorsed by both eastern and western factions—a sign of ...
The strongest version of this narrative is that the UN sanctions on the LIA, while well-intentioned, have outlived their purpose and are now harming Libya’s economic recovery. Proponents argue that the freeze prevents responsible management of national wealth, and partial lifting could unlock much-needed liquidity. However, the pattern of mismanagement and corruption within the LIA suggests that the sanctions may be the only remaining safeguard against further squandering of public funds. The ar...