DEAUVILLE, France — Rich countries and international lenders are aiming to provide $40 billion in funding for Arab nations trying to establish free democracies, officials said at a Group of Eight summit Friday. The officials didn’t provide a breakdown of where the money would come from or when, or what it would be for. But the overall message from President Barack Obama and the other G-8 leaders meeting in this Normandy resort appeared to be warning autocratic regimes in the Arab world that they will be shut out of rich-country aid and investment, while new democracies are encouraged to open their economies. Tunisia’s finance minister said French President Nicolas Sarkozy floated the $40…
Posted by
on May 27, 2011. Filed under News.
You can follow any responses to this entry through the RSS 2.0.
You can skip to the end and leave a response. Pinging is currently not allowed.
Posted by
on May 27, 2011. Filed under