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The Associated Press March 16, 2011, 4:48PM ET

Algeria gives $100 million in aid to Tunisia

Oil- and gas-rich Algeria has given Tunisia $100 million in financial aid to support its North African neighbor struggling toward democracy after an uprising ousted the country's longtime autocratic leader.

Tunisian Prime Minister Beji Caid Essebsi announced the aid Wednesday, a day after returning from his first trip abroad, to Algeria and Morocco. The official TAP news agency carried the news.

Of the funds, $10 million is in outright aid, $40 million is a loan with a 1 percent interest rate and $50 million is a deposit with no interest in Tunisia's Central Bank.

Pro-democracy protests have been held in both Algiers and Rabat, but failed to evolve into the kind of popular uprising that ousted Tunisia's president -- and triggered uprisings around the Arab world.


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