Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Quarterback takes a stand by sitting down

Read more

FRANCE IN FOCUS

The hidden secrets of Les Invalides

Read more

IN THE PAPERS

Anger over restaurant's decision to deny service to Muslim women

Read more

BUSINESS DAILY

Fed rate hints show Brexit 'not a shock' for US economy

Read more

EYE ON AFRICA

Tunisia's Parliament votes on new government

Read more

MEDIAWATCH

French court rules #burkini ban 'clearly illegal'

Read more

THE WORLD THIS WEEK

Biden in Turkey, Colombia Peace Deal, Ethiopia Olympic Protest (part 2)

Read more

THE WORLD THIS WEEK

Earthquake in Italy, French Burkini Ruling (part 1)

Read more

FOCUS

Pro-Opposition stronghold Port-Gentil feverishly awaits presidential elections

Read more

Africa

World Bank recognises National Transitional Council

Text by News Wires

Latest update : 2011-09-13

The World Bank on Tuesday recognised Libya’s National Transitional Council as its legitimate government. The organisation also said it had been asked to help rebuild the country’s infrastructure.

AFP - The World Bank on Tuesday recognized Libya's new leadership as the country's official government, and pledged to take a major role in rebuilding the country.

"Based on evolving events in Libya and the views of member countries, the World Bank today announced that it is engaging with the National Transitional Council as the Government of Libya," the Bank said in a statement.

It said it had already been asked by the NTC to work on repairing and restoring water, energy and transport services after seven months of an insurrection which ousted dictator Moammer Khadafi.

It is also to cooperate with the International Monetary Fund to support the government budget process and help rebuild the banking sector.

"We are ready to support the people in Libya. Our experts have started coordinating with their partners already and we are moving fast to begin work," said Sri Mulyani Indrawati, World Bank managing director.
 

Date created : 2011-09-13

  • LIBYA

    China recognises authority of Libya's interim leaders

    Read more

  • LIBYA

    Interim leaders vow to form govt as fighting continues

    Read more

  • LIBYA

    Head of Libya's new leadership arrives in Tripoli

    Read more

COMMENT(S)