Amman – Dr. Abdel Fattah Ghaffar, Director General of the Long-Term Investment Portfolio at the Libyan Investment Authority (LIA), has expressed his heartfelt appreciation to Dr. Talal Abu Ghazaleh, IASCA Chairman, for it's crucial contributions in reorganizing  LIA's structural framework and improving the skills of its personnel. 

Dr. Ghaffar also highlighted the considerable time, effort, and resources dedicated by IASCA, for completing this task successfully. This, in turn, has enhanced LIA’s staff performance and contributed to the advancement of future strategies. Dr. Ghaffar also expressed his deep appreciation to Dr. Abu Ghazaleh for his pivotal role in advancing the accounting profession and his commitment to strengthening the capabilities of professional organizations, including the Portfolio. He stressed that investments must lay the groundwork for the future of Libyan youth, and that their development and effective management are responsibilities that all Libyans share.

In response, Dr. Abu Ghazaleh emphasized that IASCA’s invaluable contributions and strategic role have earned it both credibility and the expertise necessary to serve as a key partner in the Middle East. He highlighted IASCA's classification as a specialized expert in advancing and developing the accounting profession and related fields.

Dr. Abu-Ghazaleh, reaffirmed IASCA’s commitment to extending support and technical assistance to the Portfolio and all professional associations in the Arab world seeking to bolster their capacities, elevate the Arab’s representation in international forums, and leverage global experiences for their benefit.

Both sides have signed a comprehensive Memorandum of Understanding (MoU) aimed at providing all professional services and capacity-building programs offered by IASCA. This initiative is designed to equip Libyan youth with the skills needed to effectively invest in and manage their country's resources.

LIA, established in 2006 as a sovereign wealth fund, is recognized as one of the largest in Africa. Its primary mission is to safeguard, manage, and grow the wealth of the Libyan people, with the ultimate aim of ensuring a prosperous and sustainable future for generations to come.

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