World Bank, which has traditionally led by U.S. officials, said the recognition of the Transitional National Council of Libya.
"At a time when Libya is beginning to recover from conflict, the government asked the World Bank to lead activities in the area of public expenditure and financial management".
Massive opposition demonstrations grew into bloody clashes began in Libya in mid-February 2011. Once part of the regular army Colonel Muammar Gaddafi, over 40 years as head of the Libyan People's Jamahiriya, pushed the opposition, in conflict interfered with the UN and NATO forces.
Only six months after the combined efforts of the opponents of Gaddafi managed to gain control "over the whole territory of Libya." ThelocationofthesameMuammarGaddafiremainsunknown.
Now the legitimate authority in the country is considered to be Transitional National Council, formed in the capital of the opposition - city of Benghazi in February 2011. Thelegitimacyisrecognizedofabout 60 countries.
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