C. David Welch, Assistant Secretary for Near Eastern Affairs

Washington, DC
October 10, 2008

 

ASSISTANT SECRETARY WELCH:  "The agreement that we forged with Libya provides for a humanitarian fund which would settle claims on both sides. The total value of that humanitarian fund is to be $1.8 billion, of which 300 million would be for victims – Libyan victims, and one-point – 1,500,000,000 would be for American victims. ...This was agreed between Libya and the United States in the arrangement signed on the 14th of August."