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El otro lado de la luna

Friday, February 25, 2011

Oil-Rich Saudis Try to Stave Off Revolution With Cash

An unprecedented economic package will provide Saudis interest-free home loans, unemployment assistance and sweeping debt forgiveness.
Interest-free loans for Saudis to buy or build homes. The move could help reduce an 18-year waiting list for Saudis to qualify for a loan.

Other measures included a 15 percent cost of living adjustment for government workers, a year of unemployment assistance for youth and nearly doubling to 15 individuals the size of families that are eligible for state aid. The government also will write off the debts of people who had borrowed from the development fund and later died.

While Saudi Arabia has been mostly spared the unrest rippling through the Middle East, a robust protest movement has risen up in its tiny neighbor, Bahrain, which like others around the region is centered on calls for representative government and relief from poverty and unemployment.

A Facebook page calling for a "March 11 Revolution of Longing" in Saudi Arabia has begun attracting hundreds of viewers. A message posted on the page calls for "the ousting of the regime" and lists demands including the election of a ruler and members of the advisory assembly known as the Shura Council.


Posted by Olga Pizarro at 11:59 PM
Labels: economic package, saudi arabia

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Olga Pizarro
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