Egyptian Government Rejects US Conditional Aid

Egyptian Government Rejects US Conditional Aid

Egypt has officially rejected conditional US aid worth USD 150 million in light of US economic support to Egypt, helping it overcome its economic woes and support the process of democratization in the post-January 25 revolution.

The US embassy in Cairo has received a formal letter from the Egyptian Foreign Minister that the Egyptian government rejects US conditions on aid and unilateral coercive economic measures by the US Agency for International Development.

Egyptian minister of planning and international cooperation Fayza Aboulnaga and Finance Minister Samir Radwan visited Washington last month, asking the US to cancel a debt amounting to about $3.6 billion to help the country’s new government restore growth and create jobs for young people, but Washington refused.

The cabinet says the US aid is unnecessary and rejects US unilateral resolutions with regard to the US direct funding assistance mainly to the Egyptian private sector, Civil Society Organizations (CSO) and NGOs, arguing social justice is one of the more prominent roles that the country and businessmen should be committed to.

They added that it was one of the core demands of the January.25th Revolution.