Ikhwanweb :: The Muslim Brotherhood Official English Website

Sun914 2014

Last update03:43 AM GMT

Back to Homepage
Font Size : 12 point 14 point 16 point 18 point
:: News > FJP News
Economist Badr Al-Din Welcomes US Moves for $1 Billion Egypt Debt Relief
Economist Badr Al-Din Welcomes US Moves for $1 Billion Egypt Debt Relief
Freedom and Justice Party’s economy expert Ashraf Badr Al-Din is confident a possible U.S. deal to drop one billion dollars off Egypt’s approximately three billion dollar debt would help the country’s economic recovery.
Wednesday, September 5,2012 07:02
IkhwanWeb

Ashraf Badr Al-Din, Deputy of the Plan and Budget Committee of the People's Assembly (now-dissolved lower house of parliament) affirmed that the US’s moves for a $1 billion Egyptian debt relief deal is a promising sign and an attempt by Washington to make amends with the Egyptian people, after siding with Mubarak’s repressive regime for so long.


"Writing off Egyptian debt was the basic requirement demanded by Freedom and Justice MPs in Parliament and in all their meetings with U.S. officials and delegations.

"The least the U.S. administration should be doing is to drop Egyptian debt – money with which it supported the corrupt oppressive former regime at the expense of the Egyptian people and their freedoms."

Badr Al-Din assured that this debt relief deal would contribute in reducing Egypt’s budget deficit and outstanding debt and its burden on the Egyptian economy.

In a statement to Reuters on Monday, a senior U.S. official announced that the government of President Barack Obama is close to a $1 billion debt relief deal with the new Egyptian government in Cairo.

This comes as Washington seeks to help Egypt bolster its economy, in the wake of the revolution that toppled the Mubarak regime.

The official said, "U.S. diplomats and negotiators for the new Egyptian President Mohamed Morsi are working to finalize the deal."
 
tags: Freedom and Justice Party / Parliament / Mubarak / Obama / Revolution / Morsi / People's Assembly / Egyptian People / Former Regime / Egyptian Economy / Egyptian Government
Posted in FJP News , EGYPT  
Add Comment Send to Friend Print
Related Articles
Mukhtar Ashri: Democratic Elections Our Way for Freedom and Justice Party Chairman Selection
Freedom and Justice Party Views Regarding Egypt’s IMF Loan
Husseini: Freedom and Justice Party Has Clear Vision on Dealing with the West
Freedom and Justice Party: We Will Study IMF Loan Details As Soon As We Receive Them
Freedom and Justice Party: Egypt Resources Sufficient Substitute for World Bank Loans
Mukhtar Ashri: Muslim Brotherhood and the Freedom and Justice Party Reject Violence
Freedom and Justice Party: We Will Support President's Decrees in Tahrir Square Rally
Freedom and Justice Party Strongly Condemns Attacks Targeting Journalists and Media Figures
Freedom and Justice Party Condemns Attack on Rafah Border Crossing
Freedom and Justice Party Demands Immediate Halt of Genocide Against Burmese Muslims
Darrag: Freedom and Justice Party Did Not Speak of a Quota in New Government