Ikhwanweb :: The Muslim Brotherhood Official English Website

Thu93 2020

Last update18:06 PM GMT

Back to Homepage
Font Size : 12 point 14 point 16 point 18 point
:: Issues > Democracy
ForeignPolicy.com: A Closer Look at the “Mubarak Trust Fund”
ForeignPolicy.com: A Closer Look at the “Mubarak Trust Fund”
Stephen McInerney, POMED’s Director of Advocacy, published an article at ForeignPolicy.com about the potential establishment by the U.S. of an “endowment” for the Egyptian government, popularly referred to as the “Mubarak Trust Fund.” The FY10 appropriations bill passed by Congress in December allows the administration to use “up to $50 million” to establish an endowment to “further the shared interests” of both countries.
Tuesday, April 20,2010 14:21
by Chanan pomed.org

Stephen McInerney, POMED’s Director of Advocacy, published an article at ForeignPolicy.com about the potential establishment by the U.S. of an “endowment” for the Egyptian government, popularly referred to as the “Mubarak Trust Fund.” The FY10 appropriations bill passed by Congress in December allows the administration to use “up to $50 million” to establish an endowment to “further the shared interests” of both countries. McInerney argues that the reason for creating this special endowment is quite evident: “the Egyptian government thinks the process by which the U.S. Congress allocates foreign aid to more than 100 countries is no longer good enough for Egypt — and it appears that the Obama administration and Congress may agree.”

He traces the roots of this fund to Sen. Judd Gregg (R-NH), who originally led an effort within Congress in 2007  to distribute funds for such an endowment and succeeded last year in including language in the FY 2010 omnibus appropriations bill allocating $50 million. Few members of Congress were aware of the endowment and no details were provided in the bill that specified its structure or purpose.

McInerney sees a number of troubling elements. The endowment lacks a clear governing structure; it is not tied to political or economic reforms; and it would unnecessarily takes a new approach for education assistance that stands in stark contrast to how the U.S. supports education globally. With Congress a few months away from appropriating funds for FY 2011, McInerney makes the following assertion: “Unless a compelling case is made for providing additional funding to an ambiguous, ill-defined endowment, Congress ought to think twice before further diminishing its own role in the U.S.-Egypt aid relationship.”               Source

tags: Egyptian Government / Democracy in Egypt / NDP / Congress / Obama / Mubarak / Mubarak Regime / Obama Administration
Posted in Democracy  
Print
Related Articles
NDP: Protesters should be shot
Egyptians believe Mubarak grooming son for power
Egypt: NDP criticized amid mounting tension
In Egypt, the Twilight of the Mubarak Regime
Clashes between MB and NDP over State’s budget
Egyptian government is questioned on the disappearance of LE 1272 billion
Mubarak well enough to leave hospital
Muslim Congressman Called names by Tea Party Protesters
Egypt's Mubarak: three decades of rigid rule
EGYPT: Mubarak aims to cool off enthusiasm for Mohamed ElBaradei
Egyptian government faces difficult times in 2010
Egyptian human rights leaders meet Obama
UPR: Egyptian government Vs NGOs
Obama and the Middle East: One Year On, A New Beginning?
NDP’s MP Continue Their Indecency
Egypt-Algeria World Cup violence used to rally support for Mubarak regime
Obama's Nobel
Egypt's Relationship With The US Is On An Upswing Following US President Barack Obama's Speech In Cairo
The Egyptian government paves the way for Further restrictions imposed on the Civil Society
NDP Members in U.S: Nothing Prevents MB from Becoming A Political Party
Egyptian Government Threatening Health Security
“Anti-Islam Congress” in Cologne: European Parties Fail to Feed Resentment against Islam
Is the Egyptian government at war with its people?
Sign The Petition To Congress
Egypt’s Brothers open to dialogue with US Congress(Reuters)
Is the Egyptian government at war with its people?
Egypt: Mubarak Regime Cracks Down on Opposition
Egypt: Strike wave shakes Mubarak regime