Sarkozy proposes $40 billion G8 package for Arabs

27th May 2011, Comments 0 comments

G8 summit host President Nicolas Sarkozy of France outlined Friday a $40 billion package of aid and loans for the countries of the Arab Spring, Tunisia's finance minister said.

"What President Sarkozy announced is a global package of 40 billion dollars for the region. This package has not been broken down by country," Jalloul Ayed told reporters after Arab and African leaders met their G8 counterparts.

Ayed said foreign and finance ministers from the region would meet before July to break down the programme -- designed to kickstart economic development and anchor democratic reform -- in more detail.

© 2011 AFP

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