Egypt rejects IMF and Indicated Historical Realignment
USD 5 billion from Saudi Arabia, consisting of a USD 1 billion grant, USD 2 billion deposits in the Central Bank of Egypt, CBE, and USD 2 billion delivered in the form of oil products. As stated above, while discussing the 1.3 billion US-aid including the delivery of 20 F-16 fighter jets, all developmental aid is beneficial for the donor country´s economy. USD 2 billion had been provided by Saudi Arabia before, that is, after the fall of Mubarak.USD 4 billion from Kuwait, consisting of a USD 1 billion grant, a USD 2 billion deposit in the CBE and a USD 1 billion in oil products.USD 3 billion from the United Arab Emirates, consisting of a USD 1 billion grant and a USD 2 billion interest-free deposit in the CBE. Whether the UAE help ever manifests is questionable. The UAS also pledged USD 3 billion in October 2011 but never delivered.
“Egyptian foreign policy is seeking to develop relations with Russia, boost bilateral cooperation and enhance mutual interests”.
“If this initiative should be successful, it would become the most important element for the protection against the threat of a division of the Middle East, as it occurred after the first World War. Should a military solution for solving the crisis be chosen, it would bring the real threat of splitting parts of the Eastern Mediterranean region”.