Economic aid to Egypt

The new Egyptian President wants to extend diplomatic relations of his country, that Mubarak limited, mainly American alliance. The economic downturn, coupled with low amplitude of diplomatic relations inherited from the previous regime, forcing Egypt to move in different directions, changing the previous state. After having attended the meeting of non-aligned countries, with a speech by a certain personality, Egyptian President intends to take the eastern route, establishing relations with Beijing. China has already secured a loan of $ 200 million and contracts in key sectors of agriculture and telecommunications. For the United States, traditional allies of the country, the development of relations with China raises deep concern, prechè is feared the penetration of Beijing in a country considered strategic for the maintenance of peace in the Middle East. The first effect is the cancellation of a billion dollars of debt that Egypt has with the U.S., which amounted to a total of three billion, also, Washington, argued the loan of 4, 8 billion granted by the International Monetary Fund. Americans are thus trying to recover the lost time spent in the transition from the fall of Mubarak, which ended with the election victory of Islamic parties. The White House would have preferred a victory for the candidate of the military, with the consequent maintenance of the power of the armed forces, perceived as more similar to the American state and mostly free from religious influences. During the uprising against Mubarak, the U.S. has maintained a low profile, but did not prevent the political end of the Mubarak regime, despite the fact that he was a loyal ally, to promote a transition to democracy, which, in the provisions of the State Department, was to end with the affirmation of the secular forces. The loss of the American administration after the victory of Islamic parties, led to a break in the relationship with the new rulers of Egypt, which has created an opportunity for other states to enter into agreements with Cairo. Past, however, the moment of loss, Washington has realized that it was necessary to remain the privileged interlocutors of Egyptian country for obvious geopolitical reasons. On the other hand the reasons triggering the uprising in Egypt, more than the demand for civil and political rights, which had such a significant part, were of an economic nature: an intolerable situation, with a high unemployment acted as a detonator to revolt . The new Egyptian president understood that passed the euphoria for the conquest of democracy, it was necessary for the maintenance of social peace, look for investments that create jobs and even the United States have realized that only one level of widespread prosperity can prevent the population, especially the youth, to join the ranks of Islamic extremism. Change the destination so substantial funding that Washington sent for the purchase of arms for the Egyptian army and will be used as investments to develop infrastructure and industries in the north African country. But Egypt also moved to Saudi Arabia and Qatar, which have announced investments of three billion dollars. All this mass of money, you need to reorganize the country and lift from a situation of poverty, evidence that Egypt holds, due to its location, which serves as an important catalyst for aid and can turn it into a protagonist of the Middle East , capable of independently influencing the regional balance, once you reach the settlement both economically and socially.

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