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article imageLibyan rebels seek $2 billion loan from Western nations

By Michael Krebs     Apr 14, 2011 in World
As NATO air strikes against military infrastructure and forces loyal to Libya's Colonel Gaddafi increasingly prove to be ineffective in stopping the civil war's stalemate, Libyan rebels are now seeking a $2 billion loan from the West.
The civil war in Libya has drained the Libyan rebels of food and weapons supplies, as Colonel Gaddafi's military has proven to be resilient in the face of Western-led coalition bombing runs. Now the rebels are in need of a loan and have turned to their Western sources for $2 billion, according to a Bloomberg report on Thursday.
While initially purported to be a coalition-managed humanitarian mission to implement a no-fly zone over Libya, the US and NATO-led coalition has since taken sides with Libyan rebels, opting to pound Colonel Gaddafi's forces on sight.
However, the coalition has begun to fray as some member states are beginning to question the mission's drifting objectives in the eyes of the original United Nations mandate and in the inability for the bombing raids to inspire any meaningful outcome to the ongoing stalemate in the Libyan civil war.
"In Berlin, NATO nations struggled on Thursday to overcome deep differences over the military campaign, with the United States calling for unity in the face of French and British calls for other countries to help more with attacks on Qaddafi’s ground forces," Alexander Dziadosz reported in Jakarta Globe.
The Libyan rebel leadership said on Thursday that it desired the creation of a "temporary financial mechanism" to fund the rebellion, saying that the money could come from Libyan assets that have been frozen by outside nations. This request is not covered by the UN mandate.
US Secretary of State Hillary Clinton condemned Gaddafi's "renewed atrocities" on Wednesday, as the BBC reported, sending a clear message that the Obama administration intends to keep the pressure on the Libyan government.
“Qaddafi and his regime had lost all legitimacy and he must leave power, allowing the Libyan people to determine their own future,” the US, UK, and France said in a statement issued on Wednesday after a meeting in Doha, according to Bloomberg.
It remained unclear, however, what steps the NATO allies could take to legally remove Colonel Gaddafi from power.
More about Libya, Rebels, Civil War, Nato, Middle East
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