Heads of Libya's Key Independent Institutions Invited to Brief UK Parliamentary Committee

LONDON, November 9, 2015 /PRNewswire/ --

Governor of the Central Bank of Libya, Chairman of the National Oil Corporation of Libya and Chairman and CEO of the Libyan Investment Authority asked to inform Foreign Affairs Select Committee Inquiry into Libya

The UK's Foreign Affairs Select Committee has invited the heads of Libya's key independent institutions to provide a private briefing in Parliament to inform its Inquiry into Libya.

The broad-ranging inquiry is looking into the UK's 2011 intervention, post-conflict assistance to the transitional administration, the breakdown in security and the UK's role in addressing migration and people trafficking. The inquiry is also assessing future UK policy options for Libya.

Mr Saddek Omar Elkaber, the Governor of the Central Bank of Libya, will give a briefing tomorrow afternoon to the members of the Foreign Affairs Select Committee.

Mr Mustafa Sanallah, Chairman of the National Oil Corporation of Libya, and Mr AbdulMagid Breish, Chairman and CEO of the Libyan Investment Authority, plan to attend at a later date.

While the Government of Libya remains disputed, the Tripoli-based Central Bank of Libya, National Oil Corporation of Libya and Libyan Investment Authority have striven to remain independent and neutral throughout the conflict. The Governments of France, Germany, Italy, Spain, the United Kingdom and the United States have repeatedly called on all sides to respect the independence of Libya's national institutions.

In a joint statement on 11 May 2015, the six governments stated:

"We reiterate our expectation that those on all sides representing Libya's independent institutions, namely the Central Bank of Libya (CBL), the Libyan Investment Authority (LIA), the National Oil Corporation (NOC) and the Libyan Post Telecommunications and Information technology company (LPTIC) will continue to act in the long term interests of the Libyan people."

Mr AbdulMagid Breish, Chairman and CEO of the Libyan Investment Authority, says:

"I look forward to briefing the members of the Foreign Affairs Select Committee from the perspective of the Libyan Investment Authority as they develop recommendations for future policy towards our country."

Notes to Editors:

• More information about the Foreign Affairs Select Committee Inquiry on Libya can be found here: http://www.parliament.uk/business/committees/committees-a-z/commons-select/foreign-affairs-committee/inquiries1/parliament-2015/libya-policy/

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