BREAKING NEWS

Arab leaders pledge $2 billion to boost economies

By ASSOCIATED PRESS

JANUARY 19, 2011 12:14

CAIRO — Wary of the unrest in Tunisia, Arab leaders are expected Wednesday to commit to a proposed $2 billion program to boost faltering economies that have propelled crowds into the streets to protest high unemployment, rising prices and rampant corruption.

The pledge was made in a document obtained by The Associated Press that is to be adopted by the economic summit opening Wednesday in the Egyptian Red Sea resort of Sharm el-Sheikh.

This is "a commitment to provide job opportunities for Arab young people in order to empower them to participate fully in their societies," stated the document, labeled as the summit's final statement.

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