VOL. XXXVII

NO. 50

12-SEPTEMBER-1994

Libya

Qadhafi Promises To Distribute Oil Wealth

The Libyan leader, Colonel Moammar Qadhafi, has marked the 25th anniversaryof the overthrow of the Libyan monarchy with a promise to distribute $500mn ofthe country's oil revenues to the poorest 100,000 Libyan families annually. In aspeech broadcast on Libyan radio on 5 September, the Libyan leader announcedthat "one hundred thousand families with an average of 10 members each willreceive in their bank accounts...