Washington DC – The US administration has decided to reduce its economic aid to Egypt to $112m, down from $150m, pending Congress approval, said Amr Kotb, director of external relations at the Tahrir Research Institute. He added that “there is a trend inside the US administration to reduce its expenditures,” noting that Egypt will not be affected by this reduction. “The Egyptian government has achieved improvement in significant economic indicators; however, the people still suffer from the severe surge in prices. Kotb expressed his concerns that the US administration could reduce its military aid to Egypt in the future. Would the political events in Egypt shake the US Congress’ confidence in the country’s ability to face political and security challenges?

Source: Daily News Egypt May 03, 2017 17:15 UTC