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Islamic Finance Briefing - Categorized | Finance, Market Moves more

G8 raises Arab Spring financing pledge to $38 bln

Posted on 12 September 2011

Group of Eight finance chiefs pledged $38 billion on Saturday in financing to Tunisia, Egypt, Morocco and Jordan over 2011-13, widening a deal agreed in May and offering Libya the chance to partake too.
The IMF promised a further $35 billion in funding to countries affected by Arab Spring uprisings and formally recognized Libya’s ruling interim council as a legitimate power, opening up access to a myriad of international lenders as the country looks to rebuild after a six-month war……………………………………….Full Article: Source

 
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