The G8 summit of industrialized nation’s leaders this week could transform the Middle East economies with financial efforts to win back investors' confidence.
The World Bank has committed $6 billion of aid to Egypt and Tunisia, focusing on reviving the private sector.
America has pledged $2 billion and Saudi Arabia, another $4 billion to Egypt and some other small enterprises funds here and there. Discussions are on with the International Monetary Fund.
The total needs of the economies are escalating with time. Egypt has funding gap of $12 billion until mid 2012 and Tunisia has a an estimated fiscal deficit of 4.3 percent in 2011.
A total fund of $15 billion is promised to Egypt and Tunisia on both government and private sectors over various time periods.