17 Feb '11, 11pm

US gives Egypt US$150m to help with transition

US gives Egypt US$150m to help with transition

'I am pleased to announce today that we will be reprogramming US$150 million for Egypt to put ourselves in a position to support the transition there and assist with their economic recovery,' Secretary of State Hillary Clinton (above) said. -- PHOTO: AFP WASHINGTON - THE United States gave Egypt US$150 million (S$191 million) in crucial economic assistance on Thursday to help the key US ally transition towards democracy following the overthrow of longtime president Hosni Mubarak. 'I am pleased to announce today that we will be reprogramming US$150 million for Egypt to put ourselves in a position to support the transition there and assist with their economic recovery,' Secretary of State Hillary Clinton said. 'These funds will give us flexibility to respond to Egyptian needs moving forward,' the chief US diplomat told reporters after a closed-door briefing with senators abo...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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