Egypt's PM urges G8 to help unlock promised aid

By REUTERS
December 26, 2011 19:49

 
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CAIRO - Egypt's prime minister appealed to Group of Eight countries on Monday to help unlock billions of dollars in aid promised in September but not yet delivered under an initiative to support countries of the Arab spring.

Army-backed Prime Minister Kamal al-Ganzouri, who was appointed in November, met ambassadors of G8 countries to tell them Egypt needed financial support immediately, Foreign Minister Mohammed Kamel Amr said.

Under the so-called Deauville partnership, G8 countries agreed to supply economic and political aid quickly to several Arab governments in return for commitments they would pursue democratic reforms.

The partnership, which also includes Saudi Arabia, Qatar and Turkey and international organizations such the International Monetary Fund (IMF), has so far pledged about $80 billion in financing to Tunisia, Egypt, Morocco and Jordan over the next two years.

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