Russian nuclear-powered icebreaker sets Arctic speed recordScience & Space August 17, 15:06
Client sues Russian mobile operator for $500 mln for writing off six minutes of trafficBusiness & Economy August 17, 14:45
Russian government earmarks $67 mln to fight HIVSociety & Culture August 17, 14:42
Man in Moscow charged with human trafficking for trying to sell four womenSociety & Culture August 17, 14:37
Russian football chief rules out Moscow as venue for Russia-Iran friendly matchSport August 17, 14:30
Russia's defense contractor to display new cluster bomb at Army-2017 showMilitary & Defense August 17, 13:41
Press review: Russia boosts military potential and Donbass awaits crucial meetingPress Review August 17, 13:00
Justice Ministry adds Jehovah’s Witnesses to list of organizations outlawed in RussiaWorld August 17, 12:50
Moscow Zoo welcomes pygmy hippopotamus OliviaSociety & Culture August 17, 12:48
WASHINGTON, September 13 (Itar-Tass) — The World Bank (WB) has officially recognized the Transitional National Council (TNC) of Libya as the only lawful government of that country, and expressed willingness to help it restore the national economy, says a report of the World Bank, which was circulated here.
The WB is willing to help TNC in its efforts, aimed at establishing control over state expenditures, managing financial resources, restoring the infrastructure and creating new jobs, while the country overcomes the consequences of the conflict, the report said.
The assistance will be rendered to TNC together with the International Monetary Fund, said WB Managing Director Mulyani Indrawati. Previously IMF had also recognized the legitimacy of TNC and had promised to render technical and material assistance to the new Libyan authorities in the restoration of the banking sector of the national economy.