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UN Security Council votes to freeze funds threatening Somali peace
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10:42, November 21, 2008

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The UN Security Council on Thursday voted unanimously to immediately freeze the assets of those individuals designated as engaging in or supporting actions that threaten peace and security in Somalia.

In a open meeting of the Security Council, Haile Menkerios, Assistant Secretary-General for Political Affairs, said the ceasefire agreement signed last month between the Somali transitional government and Islamic rebels has given the peace process renewed impetus in the strife-torn country. Somalia has been troubled by factional fighting and absent of a functioning central government since 1991.

Menkerios also noted the continuing tensions between the country's president and prime minister. He said the situation in Somali remains volatile.

The Transitional Federal Government (TFG) and the opposition Alliance for the Re-Liberation of Somalia (ARS) signed two accords on Oct. 25 in neighbouring Djibouti to end the deadly conflict, establish a unity government and military forces and arrange for the withdrawal of Ethiopian troops.

Source:Xinhua



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