Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

To smack or not to smack?

Read more

DEBATE

Soft on Smacking? France slammed for not banning corporal punishment (part 2)

Read more

FOCUS

French Muslims refuse to be scapegoats for extremists

Read more

IN THE PAPERS

'Obama needs to provide real answers to Netanyahu's arguments'

Read more

IN THE PAPERS

Hollande: 'We have to tear voters away from the National Front'

Read more

FACE-OFF

French local elections: Far-right National Front in pole position

Read more

ENCORE!

Film Show: 'Citizen Four', 'The Circle' and 'Wolf Totem'

Read more

EYE ON AFRICA

Tangerine Dream: Afropolitan star Yemi Alade chats to FRANCE 24

Read more

MIDDLE EAST MATTERS

Iraq: Islamic State group's child soldiers

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)