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.

Related UPI Stories
Latest Headlines
Top Stories
Hyon Yong Chol disparaged Kim Jong Un prior to execution, analyst says
Officials debate 'when to suspend' search for missing Florida boys
Jon Stewart, Obama held secret meetings at White House
In Khamenei Tweet, man resembling Obama holds gun to head
Napa Valley fire reignites, hundreds more evacuated