![Algerian Diplomacy Secures Historic Victory at the UN Security Council](http://www.dzair-tube.dz/en/wp-content/uploads/2025/01/Algeria-Elected-Vice-President-of-the-79th-Session-of-the-UN-General-Assembly.webp)
BY: Dr. Hana Saada
Algiers, Algeria | January 18th, 2025 — In a monumental achievement that underscores the effectiveness and influence of Algerian diplomacy on the global stage, Algeria successfully secured a groundbreaking decision at the United Nations Security Council. This decision permits the Libyan Investment Authority (LIA) to reinvest its frozen assets in international financial institutions, marking a pivotal moment in safeguarding Libya’s sovereign wealth and advancing its economic stability.
The historic resolution is the culmination of Algeria’s tireless diplomatic efforts to address the pressing concerns of asset erosion caused by prolonged sanctions on Libya. By advocating for this significant shift, Algeria has not only protected Libya’s frozen assets from depreciation but has also ensured that these funds remain a source of sustainable value and growth for the Libyan people.
The Libyan Investment Authority, established to manage Libya’s sovereign wealth, has faced challenges in maintaining the value of its assets under restrictive conditions. The newly adopted resolution paves the way for reinvestment opportunities that will generate returns, bolstering Libya’s economy and contributing to reconstruction efforts in the war-torn country.
This success also underscores Algeria’s broader vision for fostering unity and resilience among African and Arab nations. As a staunch advocate for equitable development and the protection of sovereign rights, Algeria has demonstrated its ability to mediate complex international issues and rally global support for just causes.
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