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Proceeding contribution from Lord Hague of Richmond (Conservative) in the House of Commons on Tuesday, 7 June 2011. It occurred during Ministerial statement on Middle East and North Africa.


Middle East and North Africa

Clearly, Egypt, with its geographic position, its vast population and its history, is at the centre of so much; my hon. Friend is quite right about its central importance. As I said earlier, the economic side of our work with Egypt is of prime importance. To quantify it further, Egypt will or can benefit from the £110 million Arab partnership fund, to which I referred earlier; from the entire EU southern neighbourhood policy, with €750 million of additional funding; and, indeed, from the $20 billion of various forms of financing set out at the G8 summit in Deauville. That is the quantification of the available assistance, most of which, given the distribution of the economies in north Africa, is available to Egypt. It is also necessary for Egypt to undertake its own economic reforms to give confidence to investors and the private sector so that the country can succeed; it cannot all be done by the international community. The Egyptians must have the right environment for economic success set out by their own Government as well.


Secondary information

Type
Proceeding contribution
Reference
529 c41 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Armed conflict Human rights International assistance EU action Politics and government Violence UN resolutions Sanctions NATO Israel Sudan Civil disorder Palestine Iran Syria Middle East Yemen Peace negotiations EU external relations Libya Military intervention North Africa Bahrain
Link
View this Proceeding contribution on www.publications.parliament.uk