It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The Obama administration notified Congress on Friday that it would provide Egypt’s new government an emergency cash infusion of $450 million, but the aid immediately encountered resistance from a prominent lawmaker wary of foreign aid and Egypt’s new course under the leadership of the Muslim Brotherhood.
The aid is part of the $1 billion in assistance that the Obama administration has pledged to Egypt to bolster its transition to democracy after the overthrow last year of the former president, Hosni Mubarak. Its fate, however, was clouded by concerns over the new government’s policies and, more recently, the protests that damaged the American Embassy in Cairo.
The $1 billion in aid, announced by Mr. Obama in May 2011, was initially intended to relieve Egypt’s debts to the United States, though negotiations stalled during the country’s turbulent transition from military rule to the election of Mr. Morsi this summer.
In recent weeks, negotiations over the assistance picked up pace, and the administration decided to provide $450 million instead, including $190 million immediately, because the country’s economic crisis has become acute, with an estimated budget shortfall of $12 billion.
The assistance outlined in letters to Congress on Friday would be contingent on Egypt’s setting in motion economic and budgetary changes that the International Monetary Fund is now negotiating as part of a $4.8 billion loan.
The administration has also thrown its support behind that loan, and officials said they hoped it would be completed before the end of the year. A $260 million infusion would come when the much larger loan is completed, according to officials familiar with the package. By law, all assistance to Egypt is contingent on the country’s meeting certain requirements, including adherence to basic democratic values and the Camp David peace treaty with Israel.
In addition to the $1 billion in assistance, the administration is working with Egypt to provide $375 million in financing and loan guarantees for American financiers who invest in Egypt and a $60 million investment fund for Egyptian businesses. All of that comes on top of $1.3 billion in military aid that the United States provides Egypt each year.
Originally posted by buster2010
Trump is an idiot. The money is going to the government of Egypt not the Muslim Brotherhood. And the Muslim Brotherhood isn't on our terrorist list.
The movement officially opposes violent means to achieve its goals, although it at one time encompassed a paramilitary wing and its members were involved in massacres, bombings and assassinations of political opponents; notably Egyptian Prime Minister Mahmoud an-Nukrashi Pasha and the movement's own founder Hassan al-Banna
Do you honesntly think that amount of money given to Egypt which has turmoil all through its government is going to be funded correctly.This country is absolutely has its head in the clouds and is wreckless.
Originally posted by buster2010
Trump is an idiot. The money is going to the government of Egypt not the Muslim Brotherhood. And the Muslim Brotherhood isn't on our terrorist list.
Originally posted by buster2010
Trump is an idiot.
The money is going to the government of Egypt not the Muslim Brotherhood.
And the Muslim Brotherhood isn't on our terrorist list.
Internationally, of course, the Muslim Brotherhood is working zealously to replace the secular liberalism of the Arab Spring with hard-core, Shariah-compliant, theocratic dictatorships. Suppressing women, eliminating free speech, persecuting Christians, and preaching hatred of Jews, Israel, and America, the Brotherhood is gradually taking over the Middle East as first dictators and now monarchs fall from power.
“I am not convinced of the urgent need for this assistance and I cannot support it at this time,” Ms. Granger said in a statement that her office issued even before the administration announced the package
Originally posted by buster2010
Trump is an idiot. The money is going to the government of Egypt not the Muslim Brotherhood. And the Muslim Brotherhood isn't on our terrorist list.