U.S. to give Egypt $190 million in budget help: Kerry


The United States will give Egypt $190 million to support the government’s budget, Secretary of State John Kerry said on Sunday.

Washington was providing the aid in light of President Mohamed Mursi’s “assurance that he plans to complete the IMF process”, Kerry said in a statement after meeting Mursi in Cairo.

Egypt says it wants to reopen talks with the IMF on a $4.8 billion loan which was agreed in principle last November but suspended at Cairo’s request following street unrest.