After 18 days of street protests, the three-decade regime of Hosni Mubarak in Egypt fell on Feb. 11. In the immediate aftermath of that historic event, several major donors committed to support the Islamic nation’s political transition.
>> Development Aid to Egypt: A Primer
U.S. President Barack Obama vowed to provide “whatever assistance is necessary” to pursue a “credible transition to a democracy” in Egypt.
The U.S. government’s annual USD250 million economic aid and USD1.3 billion military assistance to Egypt are expected to “take new forms,” The New York Times reports. The White House and State Department have started discussing earmarking new funds aimed at supporting secular political parties in Egypt, the paper adds.
Sweden, meanwhile, wants to coordinate its aid to Egypt with the European Union.
“Above all this is about overlooking how EUs aid to Egypt can be developed, how other grand scale donors is acting together now so we don’t lose the most important: to pave the way for real democracy, well functioning institutions and job investments,” Swedish Minister for International Development Cooperation Gunilla Carlsson told Sveriges Radio, according to Stockholm News.
Carlsson did not rule out possible direct Swedish aid to Egypt.
“When we together with others are analysing how we best can assist Egypt I do not want to exclude any alternatives. It is above all important that we listen to what the Egyptians need right now and many will tell us that they need strong investments in order to get more jobs,” she said.
Sweden’s neighbor, Germany, offers similar help. It intends to set up a special fund worth euro3 million (USD4 million) to back Egypt’s transition to democratic rule, German Federal Minister for Economic Cooperation and Development Dirk Niebel said in a Feb. 11 statement. The German government will also provide euro8 million to support job training for young people in Egypt.
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