Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

3/4/2013 (2 years ago)

Catholic Online (www.catholic.org)

$250 million far less than $1 billion promised, which is contingent on democratic reforms

Since toppling Egyptian President Hosni Mubarak, the democratically elected government of Mohamed Morsi has proven to be a great disappointment. Morsi granted himself sweeping powers and there have been reoccurrences of the demonstrations and riots that preceded the ouster of Mubarak. Keenly aware of the situation, U.S. Secretary of State John Kerry released $250 million in economic aid - far less than the $1 billion originally promised.

'It is clear that more hard work and compromise will be required to restore unity, political stability and economic health to Egypt,' John Kerry said. 'The upcoming parliamentary elections are a particularly critical step in Egypt's democratic transition.'

"It is clear that more hard work and compromise will be required to restore unity, political stability and economic health to Egypt," John Kerry said. "The upcoming parliamentary elections are a particularly critical step in Egypt's democratic transition."

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

3/4/2013 (2 years ago)

Published in Africa

Keywords: Hosni Mubarak, Mohamed Morsi, economic aid, John Kerry, Egypt, democratic reform


LOS ANGELES, CA (Catholic Online) - Kerry is pointedly not releasing all of the $1 billion the Obama administration pledged to Egypt in May 2011.

There is an additional $260 million in budget support funds still pending. There is a further $550 million for scholarships and loan guarantees, in a separate tranche of money. Release of these funds is reliant on Morsi's following through on political and economic steps.

"The brave Egyptians who stood vigil in Tahrir Square did not risk their lives to see that opportunity for a brighter future squandered," Kerry said. "The Egyptian people must come together to address their economic challenge."
  
Kerry's announcement came after a series of weekend meetings in Cairo with a cross-section of Egyptians and a two-hour session with Morsi.

"When Egypt takes the difficult steps to strengthen its economy and build political unity and justice, we will work with our Congress at home on additional support," Kerry said in a written statement on the talks.

"In light of Egypt's extreme needs" and assurances by Morsi that he will take the steps necessary to obtain a major loan package from the International Monetary Fund, Kerry said the United States would provide the first $190 million of $450 million in already-promised support funds to the Egyptian government budget.

The U.S. will also provide $60 million in direct support for an Egyptian-American Enterprise Fund geared toward Egypt's entrepreneurs and fund a higher-education initiative to help students, especially women, earn undergraduate degrees in science, technology, engineering and business.

Kerry said he was relying on Morsi's assurances that he would implement "homegrown" reforms to help secure agreement with the IMF and "put Egypt on the path to establishing a firm economic foundation and allow it to chart its own course."

Morsi "agreed and said he plans to move quickly to do so," Kerry said.

Washington, which is Egypt's leading ally, has concerns about free and fair elections, human rights, police conduct, clampdowns on nongovernmental organizations and other problems that beset Egypt's troubled transition to democracy.

"It is clear that more hard work and compromise will be required to restore unity, political stability and economic health to Egypt," Kerry said. "The upcoming parliamentary elections are a particularly critical step in Egypt's democratic transition."

Of course, of growing concern is the intensifying persecution against Christians and members of other religious communities in Egypt under the leadership of Morsi and the Muslim brotherhood. However, the Obama administration has said virtually nothing about this undeniable fact.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Africa

South Sudan President reluctantly signs a peace treaty with rebels Watch

Image of

By Kenya Sinclair (NEWS CONSORTIUM)

South Sudan President Salva Kiir reluctantly signs a peace deal with rebels. LOS ANGELES, CA (Catholic Online) - Despite serious doubts, South Sudan President Kiir signed a peace treaty between the army and rebels led by Riek Machar.Mechar previously signed the treaty ... continue reading


Catholic Bishops in Kenya call for support against polio vaccine Watch

Image of Advocacy against polio vaccines are being promoted by Kenyan Catholic Bishops.

By Linky C. (NEWS CONSORTIUM)

Several Roman Catholic bishops in Kenya are urging citizens to boycott a mass polio campaign in their area. The bishops want to put a halt to the polio vaccination campaign, unless the safety of the vaccine has been confirmed with scientific testing. MUNINLUPA CITY, ... continue reading


Fifty people killed in Nigerian market bombing Watch

Image of Sources say the bombing has all the earmarks of the Boko Haram terrorist group. Sabon Gari, located in Borno State, is where the dreaded group is headquartered.

By Catholic Online (NEWS CONSORTIUM)

An explosive device detonated in a busy market in the Nigerian town of Sabon Gari killed at least 50 people and left many injured. The device went off in the early afternoon at the peak shopping period in Borno State. Sources say the bombing has all the ... continue reading


Archaeologist declares Queen Nefertiti's burial chamber has been finally discovered Watch

Image of Neferneferuaten Nefertiti, or Queen Nefertiti was the wife and

By Catholic Online (NEWS CONSORTIUM)

British archaeologist Dr. Nicholas Reeves at the University of Arizona has proclaimed that a "ghost" doorway found in the tomb of Tutankhamun, the boy-king of ancient Egypt, leads to the final resting place of Queen Nefertiti. LOS ANGELES, CA (Catholic Online) ... continue reading


Nigerian activist says President Bush, not Obama, did the most for Africans Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Nigerian activist Emmanuel Obege isn't that impressed with U.S. President Barack Obama. "When you show up and you're saying to the people of Africa 'You need to legalize gay marriage'... I had a lot of Africans say, 'Well, when our presidents go to America we ... continue reading


Obianuju Ekeocha: Defending Human Dignity by Defunding Planned Parenthood Watch

Image of

By Obianuju Ekeocha

My country (Nigeria) has worked hard to eradicate completely through laws and societal codes, the dark elements within it that hurt and harmed men, women and children in the centuries past.Today my people bask in both the wonderful splendor of culture and the ... continue reading


Minnesota dentist accused of hunting famous African lion, Cecil, faces extreme backlash from the world Watch

Image of Walt Palmer pictured with previous hunting kill.

By Nikky Andres (NEWS CONSORTIUM)

PETA or the People for the Ethical Treatment of Animals has stated that the dentist accused of killing the famous lion Cecil in Zimbabwe needs to be "extradited, charged and, preferably, hanged." MUNTINLUPA, PHILIPPINES (Catholic Online) - It has been revealed to the ... continue reading


Kenyan women beat starvation by 'sack farming' Watch

Image of The method has created employment and generated income for both rural and urban dwellers, and has proved to be a good way for farmers to adapt to the effects of climate change, he added.

By Caroline Wambui, Thomson Reuters Foundation

Central Kenya's Nturukuma region is not kind to farmers - its erratic rainfall, desert vegetation and drying riverbeds push most people into making a living through trade rather than agriculture. NTURUKUMA, Kenya (Thomson Reuters Foundation) - Jane Kairuthi ... continue reading


Two soldiers injured during a terrorist attack in Algeria Watch

Image of

By Kaci Racelma (Catholic Online)

Algeria continues to pay for its fight against terrorism. After a deadly attack perpetrated in the region of Ain Defla on July 17, against an army patrol, terrorist groups reappeared in the eastern region of Batna on July 27 with an attack against a military barrack. ... continue reading


Algeria holds international conference on stopping radicalization around the world Watch

Image of

By Kaci Racelma (Catholic Online)

Radicalization is a generic phenomenon that plagues all democratic societies. The radicalization of armed groups, that carry out attacks everywhere worldwide, challenges all governments at the highest level. ALGIERS, ALGERIA (Catholic Online) - This perspective was ... continue reading


All Africa News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, First Thessalonians 4:1-8
1 Finally, brothers, we urge you and appeal to you in ... Read More

Psalm, Psalms 97:1, 2, 5-6, 10, 11-12
1 Yahweh is king! Let earth rejoice, the many isles ... Read More

Gospel, Matthew 25:1-13
1 'Then the kingdom of Heaven will be like this: Ten ... Read More

Saint of the Day

Saint of the Day for August 28th, 2015 Image

St. Augustine of Hippo
August 28: St. Augustine of Hippo is the patron of brewers because of his ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter