- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

G8 pledges $20 billion for Egypt, Tunisia

© RIA Novosti . Mikhail Klimentiev  / Go to the mediabankThe Group of Eight summit
The Group of Eight summit - Sputnik International
Subscribe
Development banks and other multilateral institutions have as much as $20 billion to loan to Egypt and Tunisia, the Group of Eight said in a post-summit statement on Friday.

Development banks and other multilateral institutions have as much as $20 billion to loan to Egypt and Tunisia, the Group of Eight said in a post-summit statement on Friday.

Representatives of both states were present at the G8 summit in Deauville, France, and presented a reform program.

"We welcome the work done by Egypt and Tunisia in presenting to the international community of donors their program of actions towards economic and financial stability and preparing for more inclusive growth, and stand ready to support them," the statement said.

The G8 expressed support for the the Egyptian authorities' decision to request assistance from the International Monetary Fund and multilateral development banks' and Tunisia's request for a joint and coordinated development policy loan.

"In this context, multilateral development banks could provide over $20 billion, including $3.5 billion from the EIB, for Egypt and Tunisia for 2011-2013 in support of suitable reform efforts," the document said. "G8 members are already in a position to mobilize substantial bilateral support to scale-up this effort."

DEAUVILLE, May 27 (RIA Novosti

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала