Curious about who is funding Egypt these days? American military aid gets all the press, but many have contributed to support Egypt’s economy. Daily News Egypt recently provided a detailed breakdown. Except for deposits made to the central bank, I have not listed loan agreements. In some cases it is not clear if the money has been received already or only pledged. For ease of access, here is a simplified list:
United Arab Emirates
- $10.125 billion in grants, deposits, fuel shipments, and water and micro-enterprise projects
Saudi Arabia
- $6.3 billion in grants, deposits, fuel shipments, and petroleum and electricity projects
Kuwait
- $4 billion in grants, deposits, and fuel shipments
World Bank
- $934.4 million in electricity, economic, and transportation projects
Arab Fund for Economic and Social Development
- $412 million in energy projects
Joint European Aid
- $260.7 million in clean water projects
European Union
- $236.2 million in educational, economic, and various regional projects
France
- $137.2 million in micro-enterprise projects
Italy
- $78.5 million in agricultural projects
China
- $24.4 million in economic projects
African Development Bank
- $2 million in waste management and micro-enterprise projects
and finally…
Qatar
- $7.5 billion demanded to be returned from assistance given under the Morsi administration
I suppose there is a fair question: How can anyone in Egypt still be poor?
Jayson Casper 