In the last hours, there was a lot of confusion in the United States, because of the aid provided to Egypt, a lot of wrong information, and we explain the details to you.
Congress approved a stimulus package of $ 900 billion, including one billion and 300 million dollars in the value of the annual grant presented to Egypt, and a lot of confusion took place on social media sites, misunderstanding and appreciation due to ignorance of its circumstances, and therefore we explain to you the details.
Egypt is a large and pivotal country, and a fundamental and giant pillar in the Middle East and Africa, and what America offers to Egypt, achieves mutual gains for both sides, and Egypt is witnessing huge economic and military progress, as it is one of only 5 economies that survived the consequences of the Corona virus, in which Egypt has achieved an achievement praised It has international institutions.
American aid to Egypt
It is a fixed annual sum that Egypt receives from the United States of America following the signing of the Egyptian-Israeli Peace Agreement in 1978, when the American President at that time Jimmy Carter announced the provision of annual economic and military aid to Egypt and Israel, which has turned since 1982 into non-refundable grants. $ 3 billion for Israel and $ 2.1 billion for Egypt, of which $ 815 million is economic aid, and $ 1.3 billion is military aid. The American aid to Egypt represents 57% of the total international aid and grants it receives from the European Union, Japan and other countries, and the amount of aid does not exceed 1% of the total Egyptian national income.
Why United States give Egypt aid ?
The United States is making very large gains due to this aid, which are:
It helps in promoting the American strategic objectives in the region, and through which Washington has benefited a lot, such as allowing its military aircraft to fly through the Egyptian military airspace, and granting them prompt permission for hundreds of American warships to cross the Suez Canal, in addition to Egypt’s commitment to purchase military equipment from the United States. It provided Egypt with about 7.3 billion dollars between the years 99 and 2005 under the foreign military financing aid program. During the same period, Egypt spent about half the amount, or 3.8 billion dollars, to buy American heavy military equipment.