UN Security Council authorizes new reconstruction mission to Libya

[News_Editor]

UN Security Council authorizes new reconstruction mission to Libya

2011-09-18 09:48:47 GMT+7 (ICT)

UNITED NATIONS (BNO NEWS) -- The members of the United Nations Security Council on Friday agreed to deploy a mission to Libya to support reconstruction efforts in the country and restore the rule of law.

Council members unanimously adopted a resolution in which the UN Support Mission in Libya (UNSMIL) will be led by a Special Representative of the Secretary-General for an initial period of three months to help the country's transitional authorities in their reconstruction efforts, including restoring the rule of law, drafting a new constitution, promoting reconciliation and preparing for elections.

In addition, the Council lifted some of the arms embargoes, assets freezes and the no-fly zone which were imposed earlier this year after forces supporting the regime of Colonel Muammar Gaddafi began a brutal crackdown against many of its citizens.

With the decision, the UN takes on a new mission which targets restoring public security and the rule of law, promoting inclusive political dialogue and national reconciliation, as well as helping the National Transitional Council embark on the constitution-making process and lay the foundation for an electoral process.

UNSMIL will also help extend State authority, including through strengthening emerging accountable institutions, restoring public services, promoting and protecting human rights, particularly for vulnerable groups, and supporting transitional justice.

The 15-member body exempted the Libyan National Oil Corporation and country's Zueitina Oil Company from the asset freeze, and similarly eased measures against the Central Bank of Libya, the Libyan Arab Foreign Bank (LAFB), the Libyan Investment Authority (LIA), and the Libyan Africa Investment Portfolio (LAIP).

Furthermore, sanctions were also eased by the Council on funds, other financial assets or economic resources of the Central Bank of Libya, LAFB, LIA and the LAIP.

The Council also requested the International Monetary Fund (IMF) and the World Bank to work with the Libyan authorities to assess the country's public financial management framework and recommend steps to be taken by the Libyan authorities to ensure transparency and accountability with respect to the funds held by governmental institutions.

-- © BNO News All rights reserved 2011-09-18

[flying]

They act as if we are not all aware that the Libyan rebels<sic> have established a new Central Bank of Benghazi

Amazing how quick they did that Having friends in low places really expedite things.