The Federal Humanitarian Aid Minister Olivier Chastel (Francophone liberal) announced the initiative on Thursday.
The aid will be given to the International Red Cross.
Mr Chastel stresses that the situation in the region continues to give cause for concern and that he is especially worried about the possibility of a humanitarian crisis resulting from events currently happening in Libya.
"Refugees are especially vulnerable”
“The current situation is not without consequences for security and stability in the region.”, Mr Chastel added.
According to the United Nations Refugee Agency, more than 180,000 people have fled Libya since the start of the uprising.