Popular News From Popular Sites: Egypt: Sisi Touts 'Marshall Plan' Ahead of Presidential Election

Tuesday, May 20, 2014

Egypt: Sisi Touts 'Marshall Plan' Ahead of Presidential Election

Egypt: Sisi Touts 'Marshall Plan' Ahead of Presidential Election The frontrunner in Egypt's presidential elections, Abdel Fattah al-Sisi, has promised to launch a "Marshall Plan" for the country if he wins next week's poll, according to reports in Egyptian media. Egypt's interim governemnt has relied on massive injections of aid money from the United Arab Emirates, Kuwait and Saudi Arabia since it took control of the country in summer 2013 after president Mohamed Morsi was ousted. The UAE said that it has no plans to send any further aid to Egypt and Sisi did not state from where he expects to receive the investment funds needed for an Egyptian Marshall Plan. Ethiopia lies upstream from Egypt on the river Nile and is planning to build Africa's biggest dam on a tributary without external financial backing, effectively bringing Egyptian control of the Nile's waters to an end.




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