Obama, G-8 nations want $40b for Arab Spring 

President Obama and other U.S. allies are looking to provide $40 billion in aid for emerging democracies in the Middle East and North Africa, officials announced as the Group of Eight summit in France concluded Friday.

Obama and other G-8 leaders are seeking to bolster economically fragile governments, giving the nations more time to build the infrastructure needed to support the nascent pro-democracy movements.

The exact breakdown of the funding, however, was not clear. G-8 officials previously said they would not release a total estimate for support, calling it too early to do so.

In a public statement, G-8 leaders said $20 billion from international development banks could be devoted to Egypt and Tunisia over the next three years. The two countries are preparing for elections later this year, creating uncertainty about the direction of the traditionally autocratic nations.

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