TRIPOLI, Feb. 28 — Germany contributed 15 million euros (17.05 million U.S. dollars) to the Libyan Stabilization Fund, the United Nations Development Program (UNDP) said on Wednesday.
German Ambassador to Libya Oliver Owcza and UNDP Resident Representative in Libya Sultan Hajiyev signed an agreement on Germany’s aid on Tuesday, the UNDP said in a statement.
The donation from Germany will bring the total financial support for the Libyan Stabilization Fund to 28.5 million euros (32.6 million U.S. dollars), according to the statement.
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.
Libya has been suffering escalating violence and chaos ever since the fall of the late leader Muammar Gaddafi’s government in 2011. – XINHUA
Germany offers 15 mln euros to Libyan stabilization fund
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