G8 have $20B for 'Arab Spring'

Townhall.com Staff
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Posted: May 27, 2011 10:22 AM
G8 have $20B for 'Arab Spring'
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."

Read more: http://www.politico.com/news/stories/0511/55827.html#ixzz1NYwmhrfF