Libya Rebels Seek $2 Billion Loan, Allies Ponder Next Steps

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Libyan rebels want to borrow at least $2 billion to buy food, medicine, fuel and perhaps weapons as their foreign allies agreed on the need to do more to help them prevail over Muammar Qaddafi’s forces.

Members of the so-called Libyan contact group said in a statement in Qatar that they may create a “temporary financial mechanism” to finance the rebels using Libyan government assets frozen abroad.