International financial institutions are to provide 20 billion dollars in loans to Egypt and Tunisia to support their move to democracy, diplomatic sources in Deauville, France, said Friday.
The money, which would cover the 2011-2013 period, would be administered by institutions such as the International Monetary Fund, the European Investment Bank and the European Bank for Reconstruction and Development, DPA reported.
The offer came as the interim leaders of Egypt and Tunisia were attending a Group of Eight (G8) summit.
Egypt, Tunisia offered 20 billion dollars in loans
International financial institutions are to provide 20 billion dollars in loans to Egypt and Tunisia to support their move to democracy, diplomatic sources in Deauville, France, said Friday.
