Sunday, May 29, 2011

G-8: World banks to give $40B for Arab Spring

See it on TV? Check here.U.S. President Barack Obama, second left, and first lady Michelle Obama, left, pose for photographs with Britains Queen Elizabeth II, second right, and Prince Philip as they arrive at Buckingham Palace, in central London Tuesday May 24, 2011. U.S. President Barack Obama, second left, and first lady Michelle Obama, left, pose for photographs with Britain's Queen Elizabeth II, second right, and Prince Philip as they arrive at Buckingham Palace, in central London Tuesday May 24, 2011. (AP Photo / Toby Melville, pool)

AP  By JAMEY KEATENDEAUVILLE, France -- Officials say that rich countries and international lenders are aiming to provide $40 billion in funding for Arab countries trying to establish free democracies.

Tunisia's finance minister said leaders of the Group of Eight industrialized nations floated the figure at a summit in this French resort Friday.

A French official says $40 billion is the overall goal, but that breakdowns by country and timetables are still under discussion.

The official was not authorized to be publicly named according to his office policy.

The prime ministers of Tunisia and Egypt met Friday with President Barack Obama and other G-8 leaders and appealed for help after uprisings earlier this year that overthrew longtime autocrats but also scared away tourists and investors.

(Copyright ©2011 by The Associated Press. All Rights Reserved.)
Get more Politics & Elections »


barack obama, politics & elections


View the original article here

0 comments:

 
Free Blogger Templates