USA Grants Egypt $584m as Final Tranche of Military AidSource: www.export-egypt.com 10/2/2013, Location: Africa |
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The United States is depositing $584 million in remaining 2013 military aid for Egypt into a federal bank account as the US administration reviews whether to release the funds, an official said on 2/10/2013.
The final tranche of some $1.3 billion in annual military aid to Egypt has not yet been disbursed amid political upheavals in Egypt. "The end of the fiscal year was yesterday, so we did recently obligate the remaining FY 2013, which would expire on September 30th unless obligated," State Department spokeswoman Jen Psaki said. But she insisted "the president still has flexibility here. We still have the ability to control kind of how this is used." |
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