The United States will provide Israel with a higher than expected $10 billion emergency aid package, including eight billion dollars in loan guarantees and up to two billion dollars in direct military assistance, Washington sources stated Thursday, march 20.
The package is designed to help Israel pull through the expected aftershock of a war with Iraq as well as with the deep recession caused by global economic slowdown and the 30-months long Palestinian-Israeli violence and.
Washington’s international aid package will also likely provide a substantial amount to key ally Turkey, although the initially negotiated six billion dollar direct aid and $24 billion loans seem no longer reasonable due to the Turkish parliament’s refusal to allow US troops into the country. Another one billion dollars will be allocated to the cooperative Jordanian kingdom.
An Egyptian delegation, led by Minister of State for Foreign Affairs Fayza Abul Naga, is currently in Washington to negotiate a $4.4 billion emergency financial package as part of President George W. Bush’s war budget, subject to congressional approval.
While opposing a military strike against Iraq, Egyptian President Hosni Mubarak stated Wednesday that he held the regime of Iraqi President Saddam Hussein responsible for bringing a war upon itself. — (menareport.com)
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