Open

Coming up

Don't miss

Replay


LATEST SHOWS

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Shakespeare’s 450th Birthday : The Best of the Bard

Read more

BUSINESS DAILY

The Tour de France, a PR machine

Read more

IN THE PAPERS

Coverage of the third plane crash in one week - from France, Algeria and Burkina Faso

Read more

IN THE PAPERS

Coverage of the plane crash that took 116 lives - almost half of them French

Read more

DEBATE

Gaza: A Truce At All Costs?

Read more

AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

Read more

FOCUS

Sluggish tourist season in Crimea

Read more

ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

Read more

  • Live: ‘No survivors’ from Algerian plane crash, says Hollande

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

  • LA Times wipes France off the map in air crash infographic

    Read more

  • Tour de France fans bring the ambience to the Pyrenees

    Read more

  • Ukraine names acting PM after Yatseniuk's shock resignation

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Wreckage of Algeria plane found in Mali

    Read more

  • BNP to pay $80 million for defrauding Dept of Agriculture

    Read more

  • Pope meets Christian woman sentenced to death in Sudan

    Read more

  • Italy’s Nibali cruises to victory in 18th stage of Tour de France

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • US, European agencies lift travel restrictions to Tel Aviv

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    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)