|
|
"A comprehensive, collaborative elections resource."
|
Oil-Rich Libyans Won’t Need Financial Aid in Post-Qaddafi Era
|
|---|
| Parent(s) |
Container
|
| Contributor | Ashley |
| Last Edited | Ashley Aug 23, 2011 04:46pm |
| Logged |
0
|
| Category | Commentary |
| Author | Alaa Shahine and Vivian Salama |
| News Date | Tuesday, August 23, 2011 08:00:00 PM UTC0:0 |
| Description | Libyan rebels needed NATO’S military might to bring Muammar Qaddafi’s rule to the brink of collapse. About $50 billion in cash abroad means they can do without foreign aid to rebuild the country after a six-month conflict.
Air strikes and logistical support from North Atlantic Treaty Organization forces helped reverse the tide in Libya, stopping the advance of Qaddafi’s troops on rebel strongholds and allowing the opposition to score military victories that culminated in a sweep into Tripoli this week.
As the rebels hunt Qaddafi and his remaining followers in the capital, world leaders such as German Chancellor Angela Merkel are urging the release of frozen Libyan assets abroad to help in the transition to democracy. Those assets and Africa’s largest oil reserves set Libya apart from neighboring Tunisia and Egypt, which sought outside financial aid after popular revolts ousted their leaders this year. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
