... for Tunisia, Zoellick said the World Bank is planning $1 billion in budget support and investments as well as up to $400 million from the International Finance Corp. for the country’s private sector and $100 million worth of annual loan guarantees from the Multilateral Investment Guarantee Agency.
This aid, according to Zoellick, is in addition to the $500 million the bank had already pledged as part of a $1.2 billion multidonor package for the country.
This aid, according to Zoellick, is in addition to the $500 million the bank had already pledged as part of a $1.2 billion multidonor package for the country.
Zoellick said the World Bank is working closely with other multilateral development banks to develop an integrated approach to stabilize and modernize the economies of MENA countries. ...
... the G-8 leaders are expected to announce a package of economic and political assistance for Tunisia and Egypt, according to The Wall Street Journal.
The package is expected to be similar to the assistance plan outlined May 19 by U.S. President Barack Obama, but it is unclear whether or not it would include a specific financial commitment, the news agency says, citing U.S. officials.
>> Obama Outlines US Economic Support Plan for Egypt, Other MENA Countries
... In their meeting, Obama and Cameron are expected to discuss multibillion-dollar plans to boost international financial and political assistance to Egypt and Tunisia, the Guardian says.
Posted by Ivy Mungcal on 25 May 2011 03:02:04 AM
devex.com
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