Unfrozen Libyan funds earmarked for humanitarian relief
By Lelethu Mquqo
26 August 2011
The government says it agreed to the United Nations Security Council Sanctions Committee releasing almost 11-billion-Rands of Libyan assets.
This after the United State withdrew any reference to the country’s National Transitional Council in its request for the unfreezing.
South Africa had held up the release for more than two weeks as the proposal had suggested that the Security Council had recognised Libya’s National Transitional Council, while neither the United Nations nor the African Union had made such a determination.
South Africa hopes the funds will be used directly for the benefit of the people of Libya.