The $20bn of international aid pledged at the G8 meeting to support the democratic transitions in Egypt and Tunisia will give their governments breathing space as they grapple with soaring popular expectations amid worsening economic conditions, say analysts and businessmen.
The turmoil that accompanied the overthrow of dictatorship earlier this year in both countries frightened away tourists and investors, taking a heavy toll on economic growth.
But as national deficits widened and government receipts declined, interim administrations in Tunis and Cairo have found themselves faced with widespread protests for higher pay.
No comments:
Post a Comment