Saturday, July 23, 2011

2011 G-8 Summit at Deauville

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

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