By Hadi Fornaji.
Tunis, 11 June 2016:
The Libya Stabilisation Fund has had further donations from its international backers. Following the EU’s gift . . .[restrict]of $6 million, Franc’s foreign ministry has now announced that it has given $1 million. Earlier, the Netherlands gave $2 million with another $8 million coming from Italy, Germany and Norway.
The total initial target is $60 million, of which half will come from foreign governments and half from the Government of National Accord. The latest donations mean that foreign contributions are now more than halfway to their $30-million mark.
Other countries have still to translate their pledges into cash. To be a member of the Stabilisation board, a foreign government has to pledge $1 million. Members so far are the EU, Germany, Italy, Qatar, Switzerland, the Netherlands, UK and US.
The UK and the US have pledged $1 million. Qatar has pledged $2 million.
It has been decided that the first Stabilisation Fund projects to be supported will be in Benghazi, Kikla and Obari [/restrict]