In a step toward enhancing its international presence and fostering collaboration with global organizations, a delegation from the Libyan Social Security Fund took part in the International Social Security Association (ISSA) technical seminar in Côte d’Ivoire. The event, hosted by the National Social Insurance Fund of Côte d’Ivoire from September 9-12, focused on modern strategies for managing social security fund investments to ensure the sustainability of social protection systems amidst global economic challenges.
During the seminar, the Libyan delegation delivered a standout presentation that showcased the fund’s investment strategy, emphasizing the balance between securing sustainable financial returns and providing social protection for both current and future generations. The delegation highlighted the necessity of diversifying investment sources to mitigate potential risks and enhance the fund’s resilience to global market fluctuations -an approach that bolsters financial stability and safeguards the continuity of its social mission.
Key aspects of the presentation included the vital role of infrastructure and real estate investments as cornerstones of sustainable development. These investments not only support the local economy but also contribute to strengthening financial revenues. The delegation also underscored the importance of rigorous control systems, both financial and administrative, to ensure the optimal management of investments and to maximize benefits for the fund’s beneficiaries.
The Libyan Social Security Fund delegation further emphasized the significance of international cooperation and knowledge exchange among social security institutions worldwide. Areas of focus included good governance and risk management, which are crucial for improving performance and ensuring the resilience of social protection systems in the face of future crises.
This participation underscores the Libyan Social Security Fund’s commitment to its global vision; leveraging the experiences of leading countries to enhance its systems and achieve both financial and social sustainability. By doing so, the Fund aims to continue delivering high-quality social and economic services despite the rapid changes in the global economy, ultimately serving the interests of future generations.
