
Rich countries and international lenders are aiming to provide $40 billion in funding for Arab nations trying to establish free democracies, officials said at a Group of Eight summit Friday.
The officials didn’t provide a breakdown of where the money would come from or when, or what it would be for.
But the overall message from U.S. President Obama and the other G-8 leaders meeting in the French resort city of Deauville appeared to be warning autocratic regimes in the Arab world that they will be shut out of rich-country aid and investment, while new democracies are encouraged to open their economies.
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