Daniel Kawczynski – 2015 Parliamentary Question to the Foreign and Commonwealth Office

The below Parliamentary question was asked by Daniel Kawczynski on 2015-12-11.

To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment his Department has made of the implications for future Government policy of the suspension of the Temporary Financial Mechanism on Libyan assets following the 2011 revolution in that country.

Mr Tobias Ellwood

The Temporary Financial Mechanism (TFM), established by the Contact Group in Doha in 2011, was a temporary response to the urgent financial needs of the new Libyan National Transitional Council, intended to be used until the new Libyan administration was able to take control of Libyan state assets and revenues. The TFM was used to provide a range of critical financial support, including the import of refined fuel, the treatment of injured Libyans, and family support payments to Libyans who had depended on government welfare payments.

Our focus now is on supporting the expected signature of the Libyan Political Agreement and the establishment of a Libyan Government of National Accord (GNA). In addition to restoring stability and dealing with the threat of terrorism in Libya, a priority for the new GNA will be returning oil and gas production to pre-crisis levels to sustain stability and growth to the benefit of all Libyans.