Allies Offer Financial Lifeline to Libyan Rebels

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Cash-strapped anti-Qaddafi rebels potentially won billions of dollars worth of financial assistance from the US and other allies on Thursday, as government forces targeted a rebel-controlled town in western Libya. US Secretary of State Hillary Clinton announced that Washington planned to release a portion of the $30 billion of Qaddafi’s funds seized in America to assist the rebels. Meanwhile, Italy said that a special temporary fund would be established by allied countries to transfer cash to the rebel council in its eastern headquarters of Benghazi.

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