Members of the G8 group of leading industrial nations last week pledged at their summit in France more than $20bn in a combination of debt relief and aid to Tunisia and Egypt.
Qatar had previously pledged $10bn in the form of unspecified “investments” in Egypt while Saudi Arabia had promised $4bn, including a deposit at the Egyptian central bank and bond purchases.
Scepticism abounds, however, about whether the pledges are either sufficient or structured to deal with the two countries’ pressing financing needs.
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