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Thursday, May 19, 2011

Obama to Push Economic Development to Aid Democracy Movements - Businessweek

Obama to Push Economic Development to Aid Democracy Movements - Businessweek: "$1 billion in loan guarantees through the Overseas Private Investment Corporation and cancellation of $1 billion in debt, about a third of what Egypt owes the U.S. An additional several billion dollars’ worth of financing for Egypt and Tunisia would come from multilateral development banks, the officials said, without providing details.

The new proposal is on top of the $2 billion that Secretary of State Hillary Clinton in March pledged through OPIC for the region."

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