Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

AID

US Signs Over $300Mn In Economic Assistance To Egypt

US Ambassador in Cairo David Welch on 3 June signed over $300mn in economic aid to Egypt, part of an $8bn aid package agreed by the US Congress last year in an effort to shore up the economies of regional allies negatively affected by the US-led war in Iraq (MEES, 31 March 2003). The money is in addition to the annual aid of around $2bn which Egypt receives from the US on account of...