UPDATE 1-Britain sees deal on Libya rebel fund soon

Tue Apr 26, 2011 6:16pm GMT

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(Adds quotes, background)

LONDON, April 26 (Reuters) - Britain hopes for international agreement in the coming week on setting up a fund to help Libya's rebel-held east, Foreign Secretary William Hague said on Tuesday.

The fund is aimed at helping the rebel's interim national council help pay public sector salaries and with other costs.

"In the coming week, we hope to agree internationally the process for establishing a temporary financial mechanism to provide a transparent structure for international financial support for the financial requirements of the (national council) such as public sector pay," Hague told parliament.

Kuwait will contribute 50 million Kuwaiti dinars ($182 million) to the rebel council, a rebel leader said on Sunday.

Hague said coalition aircraft had carried out more than 3,500 sorties and 1,500 strike sorties since NATO took control of military operations in Libya at the end of March.

"This action has seriously degraded (Libyan leader Muammar) Gaddafi's military assets and prevented widespread massacres planned by Gaddafi's forces," he said.   Continued...

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