facebook
twitter
rss
account
search
search
 

Kerry unlocks $250M in aid to Egypt

March 3, 2013 at 2:16 PM   |   Comments

| License Photo
CAIRO, March 3 (UPI) -- U.S. Secretary of State John Kerry Sunday released $250 million in U.S. aid for Egypt to promote the country's "future as a democracy."

But Kerry also made clear in Cairo the Obama administration will monitoring Egyptian President Mohammed on how he honors his commitments, Haaretz reported.

The newspaper said releasing the funding was a reward for Morsi's vow to enact political and economic reforms.

Egypt is trying to meet conditions for a $4.8 billion loan from the International Monetary Fund. Haaretz said an IMF agreement would unblock more of the $1 billion in U.S. aid promised by U.S. President Obama last year.

Kerry was scheduled to head to Saudi Arabia Sunday, later touching down in the United Arab Emirates and Qatar. In Qatar, Kerry was expected to focus on the civil war in Syria.

The U.S. secretary of state is set to return to Washington Wednesday.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Merkel urges Putin to withdraw Russian troops from Ukraine Merkel urges Putin to withdraw Russian troops from Ukraine
2
Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way
3
Rush Limbaugh: Women actually are consenting when they say 'no' Rush Limbaugh: Women actually are consenting when they say 'no'
4
Census: number of Americans living in poverty down, still above 45 million Census: number of Americans living in poverty down, still above 45 million
5
Shark attacks surfer at Santa Cruz beach Shark attacks surfer at Santa Cruz beach
Trending News
Video
x
Feedback