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Libya Rebels Seek $2 Billion Loan, Allies Ponder Next Steps

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nalnn Donating Member (528 posts) Send PM | Profile | Ignore Thu Apr-14-11 09:11 AM
Original message
Libya Rebels Seek $2 Billion Loan, Allies Ponder Next Steps
Source: Bloomberg

Libyan rebels want to borrow at least $2 billion to buy food, medicine, fuel and perhaps weapons as their foreign allies agreed on the need to do more to help them prevail over Muammar Qaddafis forces.

Members of the so-called Libyan contact group said in a statement in Qatar that they may create a temporary financial mechanism to finance the rebels using Libyan government assets frozen abroad.

Short-term loans are an option on the table that we discussed at the Qatar meeting, Ali Tarhouni, the Interim Transitional National Councils finance minister, said in an interview in Benghazi. The borrowing, which may be for as long as two years, could be repaid when Libyan assets are unfrozen, Tarhouni said. Reserves at the rebels central bank in Benghazi may not be enough to cover import needs for a month, he said.

The contact group, which includes the U.S., the U.K., France and other countries lending military support, agreed at the meeting that Qaddafi and his regime had lost all legitimacy and he must leave power, allowing the Libyan people to determine their own future, according to a statement released yesterday after the meeting in Doha.

Read more: http://www.bloomberg.com/news/2011-04-13/libyan-rebels-...



1. No, we can't afford it.

2. Let the EU pay it.
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florida08 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 09:36 AM
Response to Original message
1. this smells of CIA
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nalnn Donating Member (528 posts) Send PM | Profile | Ignore Thu Apr-14-11 10:27 AM
Response to Reply #1
2. Why CIA? n/t
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florida08 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 11:00 AM
Response to Reply #2
4. `
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WatsonT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 10:45 AM
Response to Original message
3. "Let the EU pay it."
Amen.

I'm really getting tired of "international" efforts that fall 99% on the US to fund/fight.

Yes we have more money/troops than our allies, but not by that much.
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cbayer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 11:32 AM
Response to Original message
5. locking
member is no longer with us

cbayer
DU Moderator
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