TRIPOLI Feb 28 Libya will replace the head of
its sovereign wealth fund, Mohsen Derregia, after the government
deemed his performance unsatisfactory, Prime Minister Ali Zeidan
said on Thursday.
Speaking at a news conference, Zeidan said deputy central
bank governor Ali Mohammed Salem Hebri would temporarily take
charge of the Libyan Investment Authority (LIA) until a
permanent replacement was found.
"The head of the LIA will be changed. This is the
government's policy. Whoever cannot do their job properly will
be replaced," Zeidan said.
He added senior LIA officials would meet in coming days to
appoint a permanent replacement.
(Reporting by Ali Shuaib; Writing by Marie-Louise Gumuchian)