Tunisia, Egypt To Get $40B G8 Aid

Group of Eight (G8) will provide a $40 billion aid package to Tunisia and Egypt,The Wall Street Journalreports. The plan consists of $20 billion from multilateral banks over three years for economic transitions.

G8 members will provide a further $10 billion in bilateral deals and the remaining $10 billion will be contributed by OPEC members, Saudi Arabia, Qatar and Kuwait. The package will help stabilize the countries’ economies.

Click here for the story fromThe Wall Street Journal.

Click here for additional coverage fromReuters.