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UN Must Assist Libya’s Transitional Council, Davutoglu Says

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Aug. 25 (Bloomberg) -- The United Nations Security Council should create the framework for Libya’s National Transitional Council to access frozen assets and meet “urgent” financial needs, Turkish Foreign Minister Ahmet Davutoglu said.

The council’s recent military advances show there’s all the more reason for the international community to recognize it as the legitimate ruler of Libya, he said in Istanbul today at the sixth meeting of the Libya Contact Group. Davutoglu said he is “hopeful” the new government will be represented at the UN when the General Assembly convenes in September.

Libya faces “formidable challenges” and the international community must “empower” the new government as the country reaches a “historical turning point,” he said. The North African nation’s priorities as it topples Muammar Qaddafi after 42 years in power are to form a national congress and set up an interim government, he said.

“Today we are all proud and pleased with the developments on the ground,” Davutoglu said. “A credible political process is key for the stabilization of the situation in Libya and the preservation of its national unity.”

Libyans should take responsibility for the reconstruction process, he said. The new government should work to preserve state institutions and integrate existing structures into its post-Qaddafi rule, Davutoglu said.

The Libya Contact Group includes diplomats from 29 countries including the U.S., the U.K., European nations such as France, Canada, some Persian Gulf Arab states and representatives from the UN, the Arab League, the African Union and the Organization of the Islamic Conference. The group held its first meeting in April in Qatar.

To contact the reporter on this story: Emre Peker in Istanbul at epeker2@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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