Kerry Says US Releasing Millions in Aid to Egypt

By: The Associated Press Email
By: The Associated Press Email

CAIRO - U.S. Secretary of State John Kerry says the Obama administration is rewarding the Egyptian government with financial aid because of Cairo's promises of economic and political reforms.

Kerry says the U.S. is providing $190 million immediately as part of a larger pledge of $450 million over time.

Kerry says the money reflects Egypt's "extreme needs" and President Mohammed Morsi's commitment to satisfying conditions to close a $4.8 billion package of International Monetary Fund loans.

Kerry also says that a separate $60 million is for a new fund to provide direct support to Egyptian entrepreneurs and young people.

The announcement of the aid came after Kerry's meeting Sunday with Morsi.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 194734571 - kbtx.com/a?a=194734571
Gray Television, Inc.