facebook
twitter
search
search

Kerry unlocks $250M in aid to Egypt

March 3, 2013 at 2:16 PM
| 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.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Greeks vote overwhelmingly to reject creditors' bailout
Russian resupply spacecraft docks onto ISS to deliver needed provisions
Maine reports first fireworks fatality since 2012 legalization
Third disturbance in four days erupts at Arizona prison
Islamic State stronghold of Raqqa targeted heavily in airstrikes