G-8 Leaders Pledge Billions In Aid For New Arab Democracies

G-8 Leaders Pledge Billions In Aid For New Arab Democracies

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Rebels hold Llibyan flags - by BRQ via Flickr w/ CC licenseTunisia and Egypt will be offered more than $20 billion in international loans over the next two years if they continue their transformation into “democratic and tolerant societies”, the leaders of the world’s richest countries announced on Friday.

In a gesture of western solidarity, Tunisia and Egypt were invited to the Group of Eight summit in Deauville, where a drafted communiqué created a new role in north Africa for the European Bank of Reconstruction and Development, which helped to rebuild former Soviet bloc countries over the last 20 years.

(READ the story in the Financial Times)

Rebels hold Llibyan flags – by BRQ via Flickr w/ CC license

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