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(Reuters) Warren Strobel - President Barack Obama plans to accelerate the pace of American aid to Egypt, Undersecretary of State Robert Hormats said on Wednesday. Under the plan, some non-urgent U.S. aid slated for other countries would be redirected to Egypt. And funding in the pipeline for long-term programs in Egypt would be shifted to quick-impact projects. According to the Congressional Research Service, the U.S. has given Egypt $2 billion or more annually for 25 years. The law says that none of the aid, military or economic, can be spent unless Egypt is meeting its obligations under the 1979 Egypt-Israel peace treaty. 2012-01-26 00:00:00Full Article
Obama to Accelerate Pace of U.S. Aid to Egypt
(Reuters) Warren Strobel - President Barack Obama plans to accelerate the pace of American aid to Egypt, Undersecretary of State Robert Hormats said on Wednesday. Under the plan, some non-urgent U.S. aid slated for other countries would be redirected to Egypt. And funding in the pipeline for long-term programs in Egypt would be shifted to quick-impact projects. According to the Congressional Research Service, the U.S. has given Egypt $2 billion or more annually for 25 years. The law says that none of the aid, military or economic, can be spent unless Egypt is meeting its obligations under the 1979 Egypt-Israel peace treaty. 2012-01-26 00:00:00Full Article
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