The main focus of the May 26-27, 2011, G-8 Summit at Deauville, France appeared to be dangling financial incentives to the emerging Arab democracies, including Tunisia and Egypt. A fund totaling about $40 billion has been targeted.
* How the $40 billion fund breaks down:
-- $20 billion from the international development banks to Egypt and Tunisia over the next three years
-- $10 billion from the Persian Gulf nations
-- Remaining $10 billion in bilateral aid
Saturday, July 23, 2011
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