Siyala: Libya has the right to manage assets abroad

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Siyala: Libya has the right to manage assets abroad

February 08, 2020 - 11:45
Written by: SafaAlharathy

Foreign Minister, Mohamed Siyala emphasized that Libya should have a pivotal role in managing and monitoring the interests of Libyan funds and assets abroad that are covered by the international decisions on freezing Libya's assets.

In a speech to the Executive Council of the African Union in Addis Ababa, Siyala said that international decisions have kept Libya from monitoring and supervising these funds.

He pointed out that a request had been submitted to the United Nations Security Council regarding the amendment of its decision to allow Libyan institutions to manage assets.

"Denying Libya from its right to manage its assets has contributed significantly to the decline in the returns," Siyala explained.