Contact group agrees to establish temporary financial mechanism in Libya

08:14, April 14, 2011      

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Participants attend the first meeting of the Libya Contact Group in the Qatari Capital of Doha on April 13, 2011. Foreign diplomats on Wednesday met in Qatar's capital Doha behind closed door to seek a political exit to the crisis in Libya, after an African Union-initiated peace plan was denied by the Libyan rebels.(Xinhua/Maneesh Bakshi)



Participants at a conference on Libya on Wednesday agreed to establish a Temporary Financial Mechanism for the Interim Transitional National Council of Libya opposition and international community to manage revenues to assist finance and structural needs in Libya.

According to a statement issued after the First Contact Group Meeting on Libya in the Qatari capital of Doha, the participants agreed to work with the rebel authority to establish such a financial mechanism.

The Libyan government did not send representatives at the one- day conference.

The statement also said participants urged leader Muammar Gaddafi to step down to allow the Libyan people to determine their own future.

The UN estimated that around 3.6 million people are in need of humanitarian assistance in the turmoil-plagued Libya.

Foreign diplomats from 21 countries on Wednesday met in Doha behind closed door to seek a political exit to the crisis in Libya, after an African Union-initiated peace plan was denied by the Libyan rebels, who said the only solution for the Libyan turmoil is the departure of Gaddafi.

NATO Secretary General Anders Fogh Rasmussen said Monday that NATO foreign ministers will hold a meeting later this week in Germany, with non-NATO countries including Qatar, UAE, Jordan, Morocco, Sweden and Ukraine being invited.

He said that military action alone won't solve the crisis in Libya but the bloc would not cut back its operations in Libya.

Gas-rich Qatar is the first Arab state to recognize the Libyan Interim Transitional National Council.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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