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G8's UK pledges to support Egypt in 2013
The new UK presidency of the G8 has pledged to boost the group's financial support to Egypt during 2013
Published in Ahram Online on 03 - 01 - 2013

The UK, which assumed the presidency of the G8 at the beginning of new year, has admitted that Egypt has not been given the support it needed after its revolution.
“We understand Egypt's disappointment at the level of the support by the G8 under the US presidency,” a high-level UK official told Ahram Online.
He added that his government plans to push ahead the Deauville process to translate pledges of support into action.
The G8 is a forum for the governments of the world's eight largest economies. It includes the US, UK, Canada, Russia, France, Italy, Japan and Germany.
The UK official pointed out that his country does not have the ability to help Egypt with billions, so the Deauville process “is the best way to support Egypt as the big countries, including the UK, which wish to help, and the international financial institutions are part of it.”
“We are committed to push this process forward," he said.
The G8 launched the Deauville Initiative during May 2011 G8 Summit in Deauville, France with the aim of supporting Arab Spring countries.
The initiative is a partnership with Arab countries in transition towards “free, democratic and tolerant societies.”
The partnership includes Canada, Egypt, France, Germany, Italy, Japan, Jordan, Libya, Kuwait, Morocco, Qatar, Russia, Saudi Arabia, Tunisia, Turkey, the United Arab Emirates, the UK, the US and the European Union.
It also includes international financial institutions and organisations committed to supporting reform in Egypt, Jordan, Libya, Morocco and Tunisia.
http://english.ahram.org.eg/News/61713.aspx


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