U.S. releasing $250 million in aid to support Egypt’s ‘future as democracy’?

NOVANEWS

Secretary  of State  John Kerry meets Egyptian president on his first visit to the Arab world since taking office, says aid comes as reward for Zionist puppet Morsi’s  pledges of political and economic reforms.

ed note–someone please explain to me again how the ‘Arab Spring’ succeeded in bringing ”freedom’ to the people of Egypt all the while that Egypt’s government remains on the hook economically to the US and by extension to Israel???
U.S. Secretary of State John Kerry on Sunday rewarded Egypt for President Mohammed Morsi’s pledges of political and economic reforms by releasing $250 million in American aid to support the country’s “future as a democracy.”
Yet Kerry also served notice that the Obama administration will keep close watch on how Morsi, who came to power in June as Egypt’s first freely elected president, honors his commitment.
“The path to that future has clearly been difficult and much work remains,” Kerry said in a statement after wrapping up two days of meetings in Egypt, a deeply divided country in the wake of the revolution that ousted longtime President Hosni Mubarak.
Egypt is trying to meet conditions to close on a $4.8 billion loan package from the International Monetary Fund. An agreement would unlock more of the $1 billion in U.S. assistance promised by President Barack Obama last year and set to begin flowing with Kerry’s announcement.
“The United States can and wants to do more,” Kerry said. “Reaching an agreement with the IMF will require further effort on the part of the Egyptian government and broad support for reform by all Egyptians. When Egypt takes the difficult steps to strengthen its economy and build political unity and justice, we will work with our Congress at home on additional support.”
Kerry cited Egypt’s “extreme needs” and Morsi’s “assurances that he plans to complete the IMF process” when he told the president that the U.S. would provide $190 million of a long-term $450 million pledge “in a good-faith effort to spur reform and help the Egyptian people at this difficult time.”
Separately, the top U.S. diplomat announced $60 million for a new fund for “direct support of key engines of democratic change,” including Egypt’s entrepreneurs and its young people. Kerry held out the prospect of U.S. assistance to this fund climbing to $300 million over time.
Recapping his meetings with political figures, business leaders and representatives of outside groups, Kerry said he heard of their “deep concern about the political course of their country, the need to strengthen human rights protections, justice and the rule of law, and their fundamental anxiety about the economic future of Egypt.”

Leave a Reply

Your email address will not be published. Required fields are marked *