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August 7, 2022

Obama wants a Marshall plan for the Arab World

Washington – U.S. President Barack Obama will unveil Thursday an economic aid plan of several billion dollars to democratize the Arab world, ABC informs. The U.S.officials sad that the plan is similar to that applied in Eastern Europe after the end of the Cold War. The plan – initially for Egypt and Tunisia – will have the role to attract other countries in the Middle East and North Africa region in the democratization movement, said on condition of anonymity the officials. Obama will present this new initiative in a speech intended to unite in a common strategy for democracy tide of events that rocked a number of autocratic regimes in the region over the past five months.

The idea is inspired by “some measure of success in Eastern Europe,” said the source. According to him, Egypt and Tunisia, where the popular events have deposed presidents of two countries, will be the first countries to benefit from this initiative. “We hope that other democratic transitions will follow in the coming years,” he explained. Obama’s plan of action will require expansion of the European Bank for Reconstruction and Develop­ment (EBRD), which has supported democracies in Eastern Europe in the last 20 years to support the development of democracy in the Arab world. The EBRD’s 60 countries of EBRD will meet on Friday and Saturday in Kazakhstan to discuss a proposed expansion of the bank activities in North Africa. The idea of this strategy is to answer some of the cases raised by protesters in the Arab world, economic stagnation and lack of opportunities for young people.

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