Thursday, May 5, 2011

Allies Plan Fund for Libyan Rebels

Thursday, May 5, 2011

The U.S. and its allies are considering the creation of a trust fund for Libyan rebels opposing the regime of Col. Moammar Gadhafi, according to people familiar with the matter, in an escalation of Western efforts to bolster the struggling revolt.

The potential $4.5 billion fund, which will be on the agenda when Secretary of State Hillary Clinton and other top diplomats meet in Rome on Thursday, would be guaranteed, and partially filled, by assets of the Gadhafi regime that were frozen by the United Nations and European Union this year, these people said.

Part of the rebels' difficulty in ...

Powered By | Full Text RSS Feed | Amazon Plugin | Hud Settlement Statement


Post a Comment