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Group of Eight launches program to help five Arab countries to enter the capital markets
21 April, 2012 11:35:00 21 April, 2012 11:35:00
Group of Eight countries announced Friday in Washington to help launch the program five Arab countries on access to financial markets in order to speed up development.
At the end of a ministerial meeting, issued a set partnership "Deauville," a statement by the U.S. Treasury Department confirmed that "the initiative to get to the capital markets" constitutes "an additional source critical funding complements (obligations) List" about Egypt, Jordan, Libya, Morocco and Tunisia.
It is assumed that this initiative will help the five countries to "find again on the markets for capital to accelerate growth and open the doors to possible investments in the region," according to the statement.
statement added that the type of assistance to be provided as part of this "initiative" is up to the partners.
The United States said that the declaration of intent was signed Friday with Tunisia to allow it to borrow from the market by taking advantage of the guarantees from the U.S., falls under this new program.
The United States and Tunisia signed Friday in the Washington declaration of intent confirms their desire to reach "as soon as possible," an agreement to allow Tunisia to borrow from the markets to benefit from the guarantees of the federal States of America.
The document was signed by U.S. Treasury Secretary Timothy Geithner and the Tunisian Minister of Finance Hussein Aldimasi after a meeting of the "partnership Deauville."
The U.S. Treasury Department said in a statement that "the American state will guarantee the loan to allow for access to the Tunisian state funds from the market the benefits of an acceptable and reasonable lending limits."
Washington and intends to provide guarantees "for the amount of basic benefits and" could "up to a hundred percent."
On the other hand, a statement said the partnership to the desire to search in the "new fund includes transitional grants and technical assistance and exchange of information (...) to help countries strengthen their institutions and the application of reforms prepared by the citizens."
The text emphasizes that "the United States, Britain and the European Union, Saudi Arabia, France and Italy will work together with other partners to move this initiative forward."
And launched the Group of Eight, which includes Germany, France, Italy, France, Japan, Britain, Russia and the United States, "Deauville Partnership" in May 2011 to assist political and economic transition in five Arab countries.
And participate in this initiative four-nation Gulf Arab and Trkiyaaly by a large number of international institutions including the IMF and the World Bank and the European Bank for Reconstruction and Development.
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21 April, 2012 11:35:00 21 April, 2012 11:35:00
Group of Eight countries announced Friday in Washington to help launch the program five Arab countries on access to financial markets in order to speed up development.
At the end of a ministerial meeting, issued a set partnership "Deauville," a statement by the U.S. Treasury Department confirmed that "the initiative to get to the capital markets" constitutes "an additional source critical funding complements (obligations) List" about Egypt, Jordan, Libya, Morocco and Tunisia.
It is assumed that this initiative will help the five countries to "find again on the markets for capital to accelerate growth and open the doors to possible investments in the region," according to the statement.
statement added that the type of assistance to be provided as part of this "initiative" is up to the partners.
The United States said that the declaration of intent was signed Friday with Tunisia to allow it to borrow from the market by taking advantage of the guarantees from the U.S., falls under this new program.
The United States and Tunisia signed Friday in the Washington declaration of intent confirms their desire to reach "as soon as possible," an agreement to allow Tunisia to borrow from the markets to benefit from the guarantees of the federal States of America.
The document was signed by U.S. Treasury Secretary Timothy Geithner and the Tunisian Minister of Finance Hussein Aldimasi after a meeting of the "partnership Deauville."
The U.S. Treasury Department said in a statement that "the American state will guarantee the loan to allow for access to the Tunisian state funds from the market the benefits of an acceptable and reasonable lending limits."
Washington and intends to provide guarantees "for the amount of basic benefits and" could "up to a hundred percent."
On the other hand, a statement said the partnership to the desire to search in the "new fund includes transitional grants and technical assistance and exchange of information (...) to help countries strengthen their institutions and the application of reforms prepared by the citizens."
The text emphasizes that "the United States, Britain and the European Union, Saudi Arabia, France and Italy will work together with other partners to move this initiative forward."
And launched the Group of Eight, which includes Germany, France, Italy, France, Japan, Britain, Russia and the United States, "Deauville Partnership" in May 2011 to assist political and economic transition in five Arab countries.
And participate in this initiative four-nation Gulf Arab and Trkiyaaly by a large number of international institutions including the IMF and the World Bank and the European Bank for Reconstruction and Development.
[You must be registered and logged in to see this link.]
