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Libya pays final compensation for terror

For a long time, Libya has remained on the edge of the global community because of its open support for terrorism. Libya was an open and acknowledged supporter of international terrorist groups (and earned a direct attack from the United States way back in 1986 for a bombing carried out by Libyan supported groups in a Berlin disco frequented by American servicemen). This was also followed by the explosion in a Pan Am fight over Lockerbie that killed all 270 on board and for which Libyan agents were blamed (and Libyan men were prosecuted and sentenced for the same crime. The consequence was a series of sanctions.
And then suddenly, a few years back, in 2003, Libya apparently and suddenly turned over a new leaf (suspicion was that it was done after the attack on Iraq under Saddam Hussein which showed the Libyan leader, Gaddafi, that his rule was under threat and could be attacked very easily; however, there were no apparent plans as such for any attack on Libya at that time). As a part of this, Libya stopped all efforts on developing nuclear weapons, and turned over all the plans and parts of its effort over to the US. And in a final effort, Libya agreed to pay compensation to the families of those who were killed in various terrorist activities such as flight bombings and the blast in the Berlin disco:

Libya has paid $1.5bn into a US compensation fund for relatives of victims of terror attacks blamed on Tripoli, the US state department says. The fund was agreed in August to settle remaining lawsuits in the US. The attacks include the 1988 Lockerbie bombing that killed 270 people and the 1986 bombing of a Berlin disco which killed three and wounded more than 200. Under the deal, Libya did not accept responsibility for the attacks, but agreed to compensate victims.
In exchange, President Bush has signed an executive order restoring the Libyan government’s immunity from terror-related lawsuits and dismissing pending compensation cases in the US, the White House said. Relations between Libya and the US improved in 2003 when Tripoli stopped working on weapons of mass destruction. The decision led to the restoration of US diplomatic ties with Libya in 2006.

This coming back into the international community has helped Libya immensely. It has managed to get investors coming back into the country, and it needs these investors for improving the lot of its citizens. These investors include global oil companies that are helping Libya develop its oil fields, and raising the promise of generating huge amounts of revenue from oil and gas, like other oil exporters.

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