U.S. Speeds Up $959M Aid to Egypt
CRAWFORD, Texas (AP) _ The Bush administration sped up payment of nearly $1 billion in foreign aid to Egypt on Thursday, saying the United States owed quick economic help to its ``key partner″ in the war on terrorism.
President Bush’s decision to accelerate disbursement of aid to Egypt is ``in line with the president’s commitment to help our important ally weather current global economic difficulties and the post-Sept. 11 shock to the Egyptian economy,″ said White House deputy press secretary Scott McClellan.
``This accelerated assistance _ valued at $959 million _ to a key partner in the campaign against terrorism and the pursuit of Middle East peace will support Egypt’s implementations of its economic reform program,″ McClellan added.
The annual foreign aid spending bill passed by Congress last month gives Egypt a total of nearly $2 billion in the current budget year.