BREAKING NEWS

World powers, new Libya leaders to map out rebuilding

By REUTERS

SEPTEMBER 1, 2011 11:33

PARIS - Leaders of the Libyan uprising that overthrew Muammar Gaddafi sit down with world powers on Thursday to map out the country's rebuilding, 42 years to the day after the former strongman seized power in a coup.

French President Nicolas Sarkozy and British Prime Minister David Cameron, whose gamble to spearhead the West's intervention in Libya paid off this week when Gaddafi was driven from power, are hosting delegations from 60 countries and world bodies.

The tight three-hour agenda focuses on political and economic reconstruction, with Western powers anxious to avoid mistakes made in Iraq - but talks on the sidelines may expose early jostling for opportunities in oil and infrastructure.

Libya, which boasts large reserves of top-quality crude oil, has been left badly underdeveloped by Gaddafi, who as a young army captain ousted Libya's King Idris on Sept. 1, 1969.

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