BREAKING NEWS

Libya meeting to create fund to help rebels

By REUTERS

MAY 5, 2011 13:13

ROME - A NATO-backed coalition against Libyan leader Muammar Gaddafi will announce the creation of a special fund to help the cash-strapped rebel movement, Italian Foreign Minister Franco Frattini said on Thursday.

"I welcome the announcement, to be made today, of the establishment of a special fund -- known as the Temporary Financial Mechanism -- that will permit funds to be channeled effectively and transparently to the Interim National Council," he said, according to the text of a speech to be given at the meeting in Rome.

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