G8 have $20B for 'Arab Spring'

Townhall Staff

May 27, 2011 10:22 AM May 27, 2011

Opinion

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Hoping to encourage the push for freedom and democracy, President Obama and leaders of the G-8 countries announced Friday that they will allow international development banks to provide more than $20 billion to help spur development in the "Arab Spring" counties like Egypt and Tunisia.

A statement released by the G-8 leaders assembled in Deauville, France, did not breakdown how much development banks from each county would provide, but promised to "mobilize substantial bilateral support to scale up this effort."

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