Don't miss

Replay


LATEST SHOWS

FOCUS

Surviving hyperinflation in Venezuela

Read more

IN THE PRESS

'A #MeToo leader made deal with her own accuser'

Read more

INSIDE THE AMERICAS

Indigenous peoples: Fighting discrimination

Read more

MIDDLE EAST MATTERS

From Turkey to Iran: (re)inventing kebab

Read more

THE INTERVIEW

Paleontologist Kenneth Lacovara: ‘Dinosaurs were the last great champions’

Read more

THE INTERVIEW

Alan Turing's nephew: ‘A Shakespearean tragedy surrounded his life’

Read more

EYE ON AFRICA

Zimbabwe: Chamisa's lawyers contest election results in court

Read more

THE WORLD THIS WEEK

New US sanctions on Iran: Trump ups pressure after exiting nuclear deal

Read more

IN THE PRESS

‘Space Farce’? Alternative logos for new US military branch flood social media

Read more

Africa

Libya's interim leaders hold rebuilding talks in Paris

Video by Oliver FARRY

Text by NEWS WIRES

Latest update : 2011-09-02

Libya's interim council met foreign officials and post-conflict rebuilding experts from the International Monetary Fund, World Bank and USAID in Paris on Friday to discuss financing Libya's reconstruction.

REUTERS - Officials from Libya's ruling interim council met foreign officials and donor groups in Paris on Friday to discuss financing needs for the weeks and months ahead as Libya starts rebuilding after months of conflict.

Libya's reconstruction minister, Ahmad Jihani, and Aref Nayed, a senior member of the transitional council's rebuilding team, met experts in post-conflict rebuilding from groups such as the International Monetary Fund, World Bank and USAID.

U.S. and French officials said the meeting, which follows on from a high-level international conference in Paris on Thursday on Libya's political and economic rebuilding, was mainly about listening to the National Transitional Council's needs.

"It is not a donors conference," one U.S. official said.

"No pledges will be made. Rather Libyans will lay out likely reconstruction needs, and NTC's proposed steering group strategy is to ensure process is Libyan-led and to start figuring out which countries will participate in the various projects."

World leaders have agreed to free up billions of dollars in frozen assets to help the NTC restore vital services and make a start on reconstruction. But short-term aid and longer-term loans will also be needed to help the North African state stave off a humanitarian crisis.

The U.S. State Department has estimated the NTC could seek some $500 million for humanitarian needs, $500 million for civilian fuel and power and $500 for food and health services.

In order for Libya's new leaders to obtain aid from bodies such as the World Bank and the African Development Bank, they will need to be recognised by the IMF, which says it would need such a move to be supported by its 187 members.

 

Date created : 2011-09-02

  • DIPLOMACY

    ‘Friends’ gather in Paris to plan future of oil-rich Libya

    Read more

  • LIBYA

    Fugitive Gaddafi urges supporters to fight on

    Read more

  • DIPLOMACY

    World pledges support for Libya's interim leadership

    Read more

COMMENT(S)