Libya Rebels Seek $2 Billion Loan, Allies Ponder Next Steps
Source: Bloomberg________________________
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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 Qaddafi’s 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 Council’s 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-...
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Obama: "days not weeks"
Ha ha ha ha ha- what a fucking joke he is.
