G8 to extend Arab Spring financing pledge to $38 bln

French Finance Minister Francois Baroin , right, welcomes Turkish Finance Minister Ali Babacan at the start of the Deauville partnership meeting in Marseille, southern France, Saturday, Sept.10, 2011. The Deauville Partnership is a multi-billion-dollar program of aid and credit to Egypt and Tunisia that was agreed at a G8 summit in Deauville last May. Rich countries and international lenders are aiming to provide $40 billion in funding for Arab nations trying to establish true democracies. AP





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