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Germany offers 2.5 mln euro in Libyan stabilization fund

The Address | Benghazi – Libya

TRIPOLI – Germany contributed 2.5 million Euros (2.83 million U.S. dollars) to the Libyan Stabilization Fund on Monday, the German embassy in Libya announced Tuesday.

“German Ambassador Oliver Ovcha on Monday signed Germany’s increased contribution to Libya Stabilization Fund with 2.5 million Euros,” the embassy said in a statement.

According to the statement, the contribution aims to “support and strengthen the capacities of some of the target municipalities to achieve stability and peace in Libya with the participation of all women and men.”

Founded in 2016, the Libyan Stabilization Fund is run by the Libyan Ministry of Planning in cooperation with the UN Mission and seeks to provide assistance to vulnerable groups in Libya that suffer from military actions and conflicts in the country.

As the most important donor to the fund, Germany has contributed a total of more than 10 million U.S. dollars.

Xinhua

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