Lexi Chase
Seif al-Islam Gadhafi, the son of Libyan leader Moammar Gadhafi, revealed surprising news in an interview with The Associated Press. Apparently, Libya wants to invest a portion of their $100 Billion sovreign wealth fund in US businesses, in addition to sending thousands of their students to study here. Gadhafi (junior) also revealed that Libya will be making a transition into a "constitutional democracy," in order to further their modernization efforts. A constitution will be instituted to ensure a democratic election in September of 2009, which incidentally is the 40 year anniversary of the beginning of his father's one-man rule. Under this new governing system, Gadhafi (junior) also anticipates Libya to follow the US model of federal government-- "with strong regional and local governments."
The younger Gadhafi believes that investing some of its $100 Billion into the US is a good idea because of the success the US economy has had, which in turn provides Libya will great opportunity. He also states that he is not remotely fearful of the state of the current economy, but rather sees it as "the right time to invest." Gadhafi also expresses his thankfulness that Libya was not hit by the giant tsunami, and that this is a perfect time to do something beneficial. All in all, it looks like this is a new chapter in US-Libya relations.
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