Kerry promises millions and millions and millions in American aid to Egypt

You tax dollars wated to the Muslim Brotherhood

CAIRO (AP) — 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."  [snip]

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. [snip]

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." The release of the rest of the $450 million and the other $550 million tranche of the $1 billion that Obama announced will be tied to successful reforms, officials said.

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.  ( continue at AP)

Also see:

 

John Kerry Announces Millions in Aid to Egypt as Islamists Unleash Morality Police

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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.”

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Comments

[Skunkfeathers]

Kerry's libmoronism is free to run rampant, thanks to low information moron voters.

[Mystical Time Traveler]

Obama is taking the money from Israel and giving it to the Egyptians.