No Result
View All Result
Saturday, July 12, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Controversy and confusion surrounds $200m Tunisia deal

byGeorge Grant
November 24, 2012
Reading Time: 3 mins read
A A
Controversy and confusion surrounds $200m Tunisia deal

Protesters held up placards accusing Magarief of overstepping his remit. In fact, the loan was agreed to by the NTC, around the time of Baghdadi Al-Mahmoudi's extradition. (Photo: Maha Ellawati)

By George Grant and Maha Ellawati.

Protesters held up placards accusing Magarief of overstepping his remit. In fact, the loan was agreed to by the NTC, around the time of Baghdadi Al-Mahmoudi’s extradition. (Photo: Maha Ellawati)

Tripoli and Benghazi, 24 November:

Demonstrators gathered in front of Benghazi’s Tibesti Hotel following Friday prayers yesterday . . .[restrict]to protest over National Congress President Mohamed Magarief’s announcement of a $200 million development package to Tunisia.

The Congressman announced delivery of the funds alongside Tunisian President Moncef Marzouki during a visit to the country on Thursday.

The move has sparked protests on the streets and online, with objectors describing the move as “a waste of public money” and calling into question Magarief’s authority to make such a decision in the first place.

RELATED POSTS

“Made in Libya” exhibition to be held in Benghazi from 10 to 13 August

Libyan Italian Forum concludes with the signing of 98 MoUs

“Qaddafi used to squander Libya’s wealth outside the country for the past 42 years”, one protester in Benghazi said. “Now it seems Magarief has come to carry on this legacy”.

Demonstrators seemed largely to be of the view that this had been a unilateral decision by Magarief, and one he had no authority to make. “Who gave Magarief the right to dispose of Libyan money?” asked an angry group yesterday, adding that they did not elect 200 members of Congress only for one man to have all the power. The protesters also demanded a separation of powers between the legislature and the executive, which they claimed was absent from Libya at present.

What was missed, however, is the fact that this loan was agreed upon several months ago, right around the time that Tunisia agreed to the extradition of former Libyan Prime Minister Baghdadi Al-Mahmoudi.

“This is an old decision made by the NTC and the Kib Government”, said Benghazi Congressman Alaeddin Magarief. “It was agreed just before the handover [from the NTC to the Congress]. There was some discomfort from GNC members at the time, but nothing we could have done, because it was already approved”.

Mahmoudi was extradited back to Libya on 24 June, just under a fortnight before the 7 July Congress elections. At the time, it was widely rumoured that a deal had been struck with the Tunisian government to secure the exchange, including offers of cut-price oil supplies along with a multi-million dollar investment.

Tunisia’s Justice Minister Noureddine Bhiri vigorously denied any suggestions of a financial deal, insisting that “the extradition process took place after completion of all legal justifications by the relevant judicial authorities”.

Whilst the Libya Herald has received no official confirmation that the $200 million loan was directly linked to the Mahmoudi extradition, it is known that a similar deal was struck over the extradition of Qaddafi’s former spy chief Abdullah Senussi a little over two months later.

Coincidentally, it was rumoured at the time that the Libyan government had agreed to invest $200 million in the impoverished West African state, although the government denied that any direct payment had been made.

“We have agreed to increase the level of Libyan investment in Mauritania, but I cannot give a specific figure”, a senior official told the Libya Herald on the day of Senussi’s extradition on 5 September. “However, there has been no direct financial payment to the Mauritanian government in exchange for Senussi’s release.” Asked if the new investments were a direct response to Mauritania’s decision to hand over Senussi, the official replied, “of course”.

Contacted by the Libya Herald, the office of Prime Minister Ali Zeidan said it was unable to comment on the Tunisia loan as the prime minister was not making statements on any issue for the next week whilst he finalised the makeup of his government.

Neither Congress spokesman Omar Hmaidan nor Mohamed Magarief himself could be contacted today.

Officials have said that the $200 million is a loan, not a gift, and will be repaid to Libya in full. It is also being reported that the package is $100 million loan and $100 million gift, but this has not been verified as yet.

  [/restrict]

Tags: $200mBenghazifeaturedLibyaMahmoudiTunisia

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

July 11, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba seeking long term partnership not interim solutions on combatting irregular migration

July 10, 2025
Acting Interior Minister Trabelsi taking steps to counter forged ID numbers and passports
Libya

There are 4 million irregular migrants in Libya: Interior Minister Trabelsi

July 10, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba: Militias have become criminal gangs and a state within the state

July 9, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Libyan Russian Economic Forum starts in St. Petersburg
Libya

Libyan Russian Economic Forum starts in St. Petersburg

June 27, 2025
Next Post
Libya – The Awakening

Libya - The Awakening

A concert to remember at the Waddan

A concert to remember at the Waddan

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.