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Edition: U.S. Article Comments (1) Slideshow Video Libya U.S. aims to channel Gaddafi billions to rebels Allies offer Libyan rebels cash lifeline Rescue ship docks in Benghazi with 1,138 aboard Rome Libya talks to look at raising pressure on Gaddafi Turkey presses for swift Libya ceasefire Spain sees Libya rebels as official negotiating party Denmark denies officially recognizing Libya rebels NATO strikes destroy Libyan helicopters: rebels Comment: Lunch with Saif Gaddafi Video: Misrata evacuees arrive in Benghazi Follow Reuters Facebook Twitter RSS YouTube Read Photos show three dead men at bin Laden raid house 04 May 2011 Photos show three dead men at bin Laden raid house 5:51am EDT No resistance in "cold-blooded" U.S. raid: Pakistan officials | 8:18am EDT Clinton: allergy, not anguish in my bin Laden photo 6:54am EDT Photos show three dead men at bin Laden raid house 5:51am EDT Discussed 168 Obama to make statement late Sunday, White House says 135 Concerns raised over shooting of unarmed bin Laden, burial 116 Donald Trump calls U.S. leaders ”stupid” Watched Video of bin Laden compound fire Mon, May 2 2011 Legendary founder of Seal Team Six speaks 9:29am EDT Bin Laden unarmed when killed - White House Tue, May 3 2011 Allies offer Libyan rebels cash lifeline Tweet Share this By James Mackenzie and Lin Noueihed ROME/TRIPOLI (Reuters) - Cash-strapped Libyan rebels won a financial lifeline potentially worth billions of dollars from the United States and other allies on Thursday, as forces loyal to Muammar Gaddafi pounded... Email Print Factbox Latest military activity in Libya 11:41am EDT Related News Qatar pledges $400-500 million to Libya fund 9:39am EDT Libya Contact Group plans meetings in UAE, Turkey 10:16am EDT Three countries deny Libya rebel recognition claim 9:41am EDT France sees Libya rebel fund operational in weeks 9:21am EDT Turkey envoy circulates ceasefire plan 10:06am EDT Analysis & Opinion Lunch with Saif Gaddafi Why the U.S. had a right to kill Osama bin Laden Related Topics World » Tunisia » Libya » Related Video Misrata evacuees arrive in Benghazi 6:51am EDT Ajdabiyah's quiet frontline Vengeance calls over Libya deaths 1 / 25 Children play on an abandoned tank during a rally against Muammar Gaddafi near a court house in Benghazi May 4, 2011. Credit: Reuters/Mohammed Salem By James Mackenzie and Lin Noueihed ROME/TRIPOLI | Thu May 5, 2011 11:41am EDT ROME/TRIPOLI (Reuters) - Cash-strapped Libyan rebels won a financial lifeline potentially worth billions of dollars from the United States and other allies on Thursday, as forces loyal to Muammar Gaddafi pounded rebel towns in the west. Secretary of State Hillary Clinton said Washington would seek to unlock some of the $30 billion of Libyan state funds frozen in the United States to help the rebel movement. Italy, host of a meeting in Rome of the "contact group" on Libya, said a temporary special fund would be set up by allied nations to channel cash to the rebel administration in its eastern Libyan stronghold of Benghazi. Kuwait pledged $180 million to the fund, while Qatar promised $400-500 million, Qatar's prime minister said. France said it was evaluating its contribution to the fund, which should be operational within weeks. A rebel spokesman in Zintan, southwest of Tripoli, said pro-Gaddafi forces had fired about 50 Russian-made Grad rockets into the rebel-held town so far on Thursday. The spokesman, Abdulrahman, said the first salvo landed at about 6:45 a.m. (12:45 a.m. EDT). He said NATO air strikes had destroyed at least two government helicopters near Zintan as they were being transported on trucks. A Libyan man who fled the town of Nalut, near the border with Tunisia, said it was under bombardment. Ayub, who left Nalut earlier on Thursday, told Reuters after crossing the border into Tunisia: "They are firing from a mountain about 10 km (6 miles) to the east of Nalut. They are firing Grads." This is the first time there have been reports of Nalut coming under bombardment. Al Arabiya television, citing rebels, reported that NATO launched air strikes on Gaddafi forces in the oil town of Brega, in eastern Libya. It did not give details. As the fighting has generally descended into a stalemate, the rebel Transitional National Council (TNC) says it needs up to $3 billion to keep going in the coming months. But efforts to unblock Libyan state assets frozen in overseas accounts or to allow the rebels to get past U.N. sanctions that prevent their selling oil on international markets have been held up so far. Clinton said Washington hoped to change the law to allow it to use some of the more than $30 billion of frozen Libyan assets in the United States to help the Libyan people. "I'm pleased to announce that the Obama Administration, working with Congress, has decided to pursue legislation that would enable the U.S. to tap some portion of those assets owned by Gaddafi and the Libyan government in the United States, so we can make those funds available to help the Libyan people," she said. As ministers gathered in Rome, Clinton said: "We'll be discussing a financial mechanism, we'll be discussing other forms of aid." But there was a cautious response from Britain, which said it had no plans to contribute to the fund set up for the rebels because it had already made a "very substantial" contribution to humanitarian assistance. So far, the rebels have been recognized by France, Italy and Qatar. A rebel spokesman said on Thursday Denmark, Spain and the Netherlands had followed suit, but officials from those countries denied it. Thursday's meeting brings together foreign ministers from more than 20 countries including France, Britain, the United States, Italy and Qatar as well as representatives of the Arab League and the African Union. Rebel spokesman Mahmoud Shammam told reporters the rebels only had enough funds to pay for their immediate needs in food, public salaries and medicine until the end of May. They needed $2-3 billion dollars in urgent funding, he said. AIR STRIKES The meeting is not expected to address military issues but ministers are likely to restate their confidence in the NATO mission, despite a lack of progress since the initial air strikes drove Gaddafi's forces away from Benghazi in March. British Foreign Secretary William Hague said the pace of military action against Gaddafi's forces should be stepped up but this should not include arming the rebels. Signs of impatience with the coalition's lack of coherence have emerged. French President Nicolas Sarkozy is planning a separate conference of the "friends of Libya" in the coming weeks to discuss the future of the country. French Foreign Minister Alain Juppe said the group should include Russia and other countries. Of particular concern is the fate of civilians in the surviving pockets of resistance to Gaddafi in cities in western Libya such as Misrata and Zintan. An aid ship defied shelling by Gaddafi's forces to rescue more than 1,000 people from Misrata but was forced to leave behind hundreds of Libyans desperate to flee the fighting. "The boat arrived safely this morning in Benghazi," International Organization for Migration spokeswoman Jemini Pandya said on Thursday. Misrata's port is a lifeline for the city, where food and medical supplies are low and snipers shoot from rooftops. In all about 13,000 people have been rescued by 13 ships. The IOM hoped to carry out a further evacuation mission but this would depend on the security situation, Panyda said. The insurgents trying to topple Gaddafi after 41 years in power had hoped for a swift victory, akin to the ousting of the leaders of neighboring Egypt and Tunisia by popular uprisings. But his better-equipped forces halted the rebels' westward advance from Benghazi and the front line is now largely static. The United States, Britain and France, leading a NATO air campaign, say they will not stop until Gaddafi is toppled. Britain said it had expelled two more Libyan diplomats from London because their activities were contrary to the interests of Britain. On Sunday, the Libyan ambassador was told to leave after the British government said its embassy in Tripoli had been attacked. The attack on the British mission followed a NATO air raid on Tripoli that the Libyan government said had killed Gaddafi's youngest son and three of his grandchildren. Gaddafi has not been seen in public since then. (Additional reporting by Arshad Mohammed and Sivia Aloisi; Stephanie Nebehay in Geneva, Tarek Amara and Abdelaziz Boumzar in Dehiba, Hamid Ould Ahmed in Algiers; Matt Robinson in Tunis; Joe Logan in Dubai; Mariam Karouny in Beirut; Jospeph Nasr in Berlin; Writing by Giles Elgood; Editing by Janet Lawrence) World Tunisia Libya Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) sbugiardo wrote: Couldn’t these rebels have asked for the money in the first place, instead of putting up all this drama and violence? May 05, 2011 5:16am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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