Running A Frozen Sovereign Wealth Fund
One of the two men claiming leadership of the Libyan Investment Authority tells us about running a sovereign wealth fund in a country rife with political and civil unrest.
As the United Nations announces another round of talks to try to end the conflict in Libya, we talk to one of the two men claiming to be the rightful head of the country's sovereign wealth fund - Abdul Magid Breish. The disputed leadership of the Libyan Investment Authority (LIA) is symptomatic of a country split for almost a year with two rival governments - one in the capital, Tripoli, and the other in the eastern city of Tobruk. So what happens to the country's institutions? Who do they answer to? What can the LIA do with its investments?
We have a special report from Mozambique's, one of Africa's most vibrant and fastest-growing economies. But can it answer lingering questions over corruption?
And as civil war rages in Syria, most institutions there have crumbled. But not, it seems, the banks. Rashad Al-Kattan, a fellow at St Andrews University in Scotland, has just published a study of the country's financial sector and has found, despite everything, the banks are surviving.
Plus, Jon Stewart signs off from The Daily Show - we ask just how influential he has become, and whether that's healthy. And as Australia's cricketers are humiliated by England in the Ashes series, we ask the best way to recover from the biggest setbacks.
(Photo: Libyan protesters at a demonstration in downtown Tripoli in May 2015. Credit: Mahmud Turkia, Getty Images)
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- Fri 7 Aug 2015 00:05GMTÃÛÑ¿´«Ã½ World Service Online
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Business Matters
Global business and finance news and discussion from the ÃÛÑ¿´«Ã½