Rich nations to offer $20 bn for Arab Spring

Last Updated: Friday, May 27, 2011 - 14:02

Deauville: European officials say the Group of Eight rich nations will offer about USD 20 billion in pledges and commitments for Arab countries that have thrown out autocrats and are struggling to build new democracies.

US President Barack Obama and other G8 leaders are debating how and how much to aid Egypt and Tunisia after uprisings there.

The leaders of Egypt and Tunisia are meeting with G8 leaders and EU leaders on Friday in this Normandy resort.

European officials say the global figure for pledges of aid will be about USD 20 billion. It is unclear what the money would be used for.

Bureau Report



First Published: Friday, May 27, 2011 - 14:02

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