Saturday, May 28, 2011

Forty Billion Dollars For Arab Spring

President Sarkozy has proposed a $40 billion aid package for the countries involved in Arab Spring according to Tunisia's finance minister.
"What President Sarkozy announced is a global package of 40 billion dollars for the region. This package has not been broken down by country," Jalloul Ayed told reporters after Arab and African leaders met their G8 counterparts.
Ayed said foreign and finance ministers from the region would meet before July to break down the programme - designed to kick start economic development and anchor democratic reform - in more detail.
Meanwhile leaders of the G8 said that international development banks could give more than $20 billion to Egypt and Tunisia following the revolutions to overthrow dictators in the countries, which AP reports will go towards the $40 billion total.

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