Financial and Banking News


Libyan Move to Censure US Asset Seizure Fails

The Libyan government made an attempt last week to obtain the support of the Islamic Development Bank (IDB) at its meeting in Istanbul in a condemnation of the United States' January 1986 order freezing the assets of Libya in the US and in US banks abroad. MEES understands that Libya proposed a resolution condemning the US action as "an economic threat affecting the freedom of foreign...