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From Yahoo News Top Stories |
1 Hundreds of millions pledged for Libya rebels
by Francoise Kadri and Christophe Schmidt, AFP
26 mins ago
ROME (AFP) – International donors pledged hundreds of millions of dollars for Libya’s rebels on Thursday and promised to overcome legal problems to free up more aid using frozen regime assets worth tens of billions.
Leaders of the rebellion against Moamer Kadhafi said the pledges — mainly from Kuwait and Qatar — were “a good start” and outlined plans for a new constitution and elections within eight months if the Libyan strongman quits. A fund agreed Thursday will initially receive international donations, while the blocked assets — estimated to be worth 60 billion dollars (40 billion euros) in Europe and the United States — will be used to finance it at a later date. |
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