Obama says U.S. will provide more military aid to Egypt

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31-03-2015 | 14:54
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Obama says U.S. will provide more military aid to Egypt
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Obama says U.S. will provide more military aid to Egypt
President Barack Obama on Monday said he would ask the U.S. Congress for $1.3 billion per year in military aid for Egypt and said he would lift holds on aircraft, missiles and tanks for Cairo in place since October 2013, the White House said in a statement.       
 
Obama also said that the United States would discontinue starting in fiscal 2018 Egypt's use of cash flow financing, a financial mechanism that allows Egypt to buy equipment on credit, the White House said.           
 
 
REUTERS
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