Friday, March 30, 2012

With $15 trillion in debt, I guess we can afford to give Tunisia $100 million in cash...

U.S. to provide $100 million debt aid to Tunisia
Al Arabiya News/ AFP
Thursday, 29 March 2012

The United States said Thursday it would grant $100 million to Tunisia to pay its debts, hoping to let the government focus on the economy and show a success in the birthplace of the Arab Spring.

U.S. Secretary of State Hillary Clinton said Tunisia will be given $100 million by the United States to help pay off its debts. (Reuters)
U.S. Secretary of State Hillary Clinton said Tunisia will be given 
$100 million by the United States to help pay off its debts. (Reuters) 
Secretary of State Hillary Clinton said the United States was also negotiating a separate package in which Washington would offer loan guarantees to raise hundreds of millions of dollars in capital for Tunisia.

Clinton, who spoke by telephone Wednesday with Prime Minister Hamadi Jebali, said the aid would let Tunisia pare down debts to the World Bank and African Development Bank left over from dictator Zine El Abidine Ben Ali’s 23-year regime.


The $100 million U.S. cash transfer will allow Tunisia “to instead use this money for its priority programs, accelerating economic growth and job creation,” Clinton said in a statement...

(click here to read the full article)

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