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G8 Ministers Renew Promises To Help 'Arab Spring' States

Finance ministers and senior officials from the Group of Eight (G8) most industrialized countries meeting in Marseilles, France, have reaffirmed a pledge to provide $40 billion in financing to Tunisia, Egypt, Morocco, and Jordan over the next two years.

Officials say the financing is to be provided in the form of loans, rather than outright grants.

The commitment reaffirms a pledge made by the G8 at a meeting in May in Deauville, France, to support reforms in the Arab world in the wake of the Arab Spring uprisings.

The G8 is composed of Britain, Canada, France, Germany, Italy, Japan, Russia, and the United States.

compiled from agency reports