USAID assistance to Egypt slashed to half
Economic assistance from the United States to Egypt will fall to about $400 million per annum by 2009 — approximately half of what it is at present — but Egypt will remain the third largest recipient of such aid, said John Wilkinson, deputy assistant administrator of USAID for Asia and the Near East during a visit to Cairo. The figure does not include military assistance.
Wilkinson was accompanied in Egypt by Willard Pearson, the recently appointed USAID-Egypt mission director. While in Egypt, Wilkinson visited various USAID-financed projects in Cairo and Alexandria to review the progress of joint efforts in development.
Quoted in Al Ahram, Wilkinson said that USAID is moving away from the financing of infrastructure projects towards encouraging trade and investment. But, he added, the new strategy does not mean that existing projects will be terminated.
Wilkinson said that the Egyptian-US relationship "is sufficiently important and significant" and that he does not forecast any change in what has been "a very productive partnership." — (Albawaba-MEBG)