The Chairman of the Presidential Council, Fayez Sarraj, said that banning the Libyan Investment Authority to properly manage Libya’s assets is causing annual losses estimated at one billion dollars, describing these losses as unfair and a waste of the resources of the Libyan people.

Sarraj said that his talks in Washington recently touched on Libya's right to manage its frozen assets, adding that he had found a great deal of understanding from US officials who promised to communicate with their counterparts in the Security Council to discuss lifting the freezing on the country’s assets.

Economy