Arabs urge aid for Libya

PUBLISHED : Thursday, 25 September, 1997, 12:00am
UPDATED : Thursday, 25 September, 1997, 12:00am

Arab countries have called on the international financial community to help develop Libya, despite United States-led economic sanctions. 'Libya continues to suffer from the sanctions and other constraints that have been placed upon it,' Egypt's privatisation minister, Atef Ebeid said yesterday while speaking on behalf of Arab states.

Mr Ebeid said there had been improvements in economies in some Arab countries and that progress had been made toward creating a regional free trade zone. He said Arab countries supported Syria's efforts 'to normalise its financial relations with the World Bank and regain its right to avail itself of the bank's services'. Mr Ebeid strongly criticised Israel for what he said was interference in the economy of the Palestinian territories.


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