The Chairman of the Board of Directors of the Libyan Investment Authority (LIA), Ali Mahmoud, has discussed with US Ambassador to Libya, Richard Norland, the institution's strategy for transformation and the steps taken with respect to the Libyan frozen funds.

The meeting, held in Tunisia during the past few days, also touched on the contacts with the Security Council Sanctions Committee, regarding the LIA's demands to spare Libyan assets and frozen funds from negative effects, within the framework of the penal system, according to an official in the LIA.