Breaking: G8 to give Tunisia and Egypt $20 billion to support democracy

AP, Friday 27 May 2011

Leaders of the Group of Eight rich nations say international development banks will give $20 billion to Egypt and Tunisia to support pro-democratic reforms.

President Barack Obama and other G-8 leaders meeting in France on Friday say in a final statement that their countries will also "mobilize substantial bilateral support to scale-up this effort." The statement did not provide breakdowns of what aid each G-8 country would provide.

The leaders encouraged other countries, including rich Arab world nations, to contribute as well to shoring up economies in Egypt and Tunisia, where uprisings this year overthrew dictators but also scared away tourists and investors.
 

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