Capturing the MidEast in short soundbites: poignant reflections by people who understand the complexities of the Middle East. My philosophy is: "less is more." You won't agree with everything that's here, but I'm confident you will find it interesting! Excepting the titles, my own comments are minimal. Instead I rely on news sources to string together what I hope is an interesting, politically challenging, non-partisan, non-ideological narrative.
Wednesday, December 12, 2012
Money for Morsi: Funding Egypt's Moslem Brotherhood
Major Lending Effort to Boost Egypt Faces Delays -Howard Schneider
The U.S. and a coalition of international lenders are pushing ahead with billions of dollars in loans for Egypt, despite the violent political turmoil, hoping to head off a destabilizing economic collapse.
The International Monetary Fund had hoped to move forward this month on a $4.8 billion loan for Egypt, but over the weekend, President Morsi reneged on imposing tax increases that the IMF had expected as a way to help bring down the country's budget deficit. On Tuesday, the IMF said that the Egyptian government asked to delay further work on the loan.
(Washington Post)
*
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment