World Bank will provide Egypt and Tunisia to $ 6 billion

The World Bank will provide Tunisia and Egypt to 6 billion dollars in financial aid to offset the budget deficit this year and next year after a political crisis in the region, which ended the dictatorial regimes, said the head of the World Bank, Robert Zoellick, reports Reuters. On the program of modernization in Egypt World Bank is planning for two years to allocate 4.5 billion dollars. $ 1 billion Egyptian authorities will be able to get this year and as much again in the next, depending on how successful will be carried out reforms in politics and economy. The remaining 2.5 billion dollars will be invested in development projects. The budget Tunisia World Bank will transfer $ 1 billion. According to Zoellick, on investment projects in the country would soon receive more than $ 500 million. In addition, $ 400 million will go to the private sector and 100 million dollars - for investment guarantees. Zoellick also said that the World Bank now works closely with the IMF, which in turn is considering providing individual packages of financial assistance to stabilize the macro economy of the Middle East and North Africa. Currently, the IMF mission is to help Egypt, the head of the World Bank. On the eve of Saudi Arabia and Egypt contributed $ 4 billion to patching holes in the budget, economic development and programs of the Central Bank. And Barack Obama, in turn, pledged to Egypt $ 2 billion to create jobs and rebuild infrastructure destroyed during the riots. In particular, the U.S. President announced the debt relief Cairo to Washington at about $ 1 billion through a debt swap. Source: BFM.Ru