Oral Answers to Questions

Debate between Jamie Reed and Alistair Burt

Tuesday 17th January 2012 Commons Chamber

[Mr Jamie Reed (Copeland) (Lab)]

13. What steps he is taking to support the unlocking of Libyan assets.

[The Parliamentary Under-Secretary of State for Foreign and Commonwealth Affairs (Alistair Burt)]

The United Kingdom continues to play a leading part in working with the Libyan authorities on the recovery of assets through the alleviation of sanctions. On 16 December, the United Nations was able to lift the sanctions on the Central Bank of Libya and on the Libyan Arab Foreign bank, which released some £6.5 billion worth of assets in Britain alone for the use of the Libyan people.

[Mr Reed]

I am grateful to the Minister for that reply. In October last year, the Foreign Secretary noted in a letter that

“the countries of the Arab League will play an important part in providing the support the Libyan Government requires to rebuild the Libyan economy”.

Will the Minister tell us what recent assessment he and his Department have made of the contribution of the Arab League member countries to the economic recovery in Libya to date, and what form he expects it to take in the future?

[Alistair Burt]

The Arab League, in conjunction with the rest of the international community, played a vital part in ensuring the freedom of the people of Libya, and that support continues to be evident. The Libyan Government are establishing themselves and building their capacity to handle the recovery of assets and to determine the way in which they can be used. Accordingly, they are in discussions with ourselves and with Arab League partners, which are being effective. This is a process in which we are all engaged.