April 8, 2015
Last Tuesday, during a call with Egyptian President Abdel Fatah al-Sisi, President Obama outlined a mixed, but nonetheless significant shift in U.S. policy towards Egypt.
On the one hand, Obama released the weapons systems—12 F-16 jets, 20 Harpoon missiles, and as many as 125 Abrams “tank kits”—that had been withheld from Egypt since October 2013. But on the other hand, Obama ended the policy of cash-flow financing, which enabled Egypt to use future aid to buy weapons on credit–a benefit that only Israel now enjoys.
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