A U.S.-proposed $9 billion aid package could tempt Egypt with long-sought financ...
CAIRO - A U.S.-proposed $9 billion aid package could tempt Egypt with long-sought financing to transform its strife-torn Sinai peninsula, but analysts say political risks are likely to outweigh any potential financial benefit.
Officials say creating jobs and developing infrastructure is crucial for fighting the militants, who thrive on poverty and lack of jobs. Under the $50 billion ‘Peace to Prosperity’ economic plan drafted by U.S. President Donald Trump’s advisor and son-in-law Jared Kushner and which was discussed at a two-day conference in Bahrain this week, the Palestinians would received $25 billion while Egypt, Jordan and Lebanon would receive the other half.
Nathan Brown, a political science professor at George Washington University, said Egypt was unlikely to agree to a proposal that could link it more closely to Gaza’s fate. Egypt, which has cultivated a good working relationship with Gaza’s Islamist Hamas rulers, considers the narrow strip crucial for its own stability and might welcome economic opportunities for its residents.
“The projects, ideas and figures that came in the Kushner plan are mere theoretical proposals,” said Mohamed Ibrahim, a retired general and member of the board of the Egyptian Centre for Strategic Studies.
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