US Secretary of State John Kerry on Sunday rewarded Egypt for president Mohammed Morsi’s pledges of political and economic reforms by releasing $250m in American aid to support the country’s “future as a democracy”.
[...] Egypt is trying to meet conditions to close on a $4.8bn loan package from the International Monetary Fund. An agreement would unlock more of the $1bn in US assistance promised by President Barack Obama last year and set to begin flowing with Kerry’s announcement.
“The United States can and wants to do more,” Kerry said. “Reaching an agreement with the IMF will require further effort on the part of the Egyptian government and broad support for reform by all Egyptians. 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.”