Netherlands unfreezes Libyan fundsSeptember 10th, 2011 - 3:34 am ICT by IANS
The Hague, Sep 10 (IANS) The Netherlands would unfreeze 1.4 billion euros (around $2 billion) of frozen Libyan assets, the ministry of foreign affairs has said.
Initiated by Prime Minister Mark Rutte a day before the Libya summit in Paris, the unfreezing was approved by the Sanctions Committee of the UN Friday, Xinhua reported.
The unfreezing will be done through the Transitional Financial Mechanism established by the International Contact Group Libya. It is to be spent on humanitarian relief, including food and medicine, education and government salaries.
On Aug 15, the Dutch government released 100 million euros (around $140 million) of frozen funds to help the World Health Organisation distribute medicines in Libya.
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Tags: 100 million, assets, contact group, dutch government, financial mechanism, hague, humanitarian relief, international contact, libya, medicine, medicine education, medicines, ministry of foreign affairs, netherlands, prime minister, salaries, sanctions committee, summit, world health organisation, xinhua