France says to give one billion euros to Egypt and Tunisia

27th May 2011, Comments 0 comments

President Nicolas Sarkozy on Friday said France would give one billion euros in aid to Egypt and Tunisia to help them recover after they toppled their authoritarian regimes earlier this year.

Speaking to journalists at the end of the G8 summit he hosted, Sarkozy confirmed that industrialised nations' leaders promised to give a total of 40 billion dollars in loans and aid to support the so-called Arab Spring uprisings.

Twenty billion dollars would come from development banks, excluding the International Monetary Fund, 10 billion dollars in bilateral deals and 10 billion dollars from Gulf countries, Sarkozy said.

Of the 10 billion dollars in bilateral undertakings, France would give a billion dollars to Egypt and Tunisia, he said.

© 2011 AFP

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