Obama lifts hold on U.S. military aid to Egypt | WHAT REALLY HAPPENED

Obama lifts hold on U.S. military aid to Egypt

President Barack Obama on Monday told Egyptian President Abdel Fattah al-Sisi that he would lift a hold on U.S. military aid to Cairo, but also said the United States would stop allowing Egypt to buy equipment on credit starting in fiscal year 2018.

Obama has been reviewing military aid to Egypt since 2013 when the Egyptian army ousted former president Mohamed Mursi. The decision will allow for the delivery of 12 F-16 aircraft, 20 Harpoon missiles, and up to 125 M1A1 Abrams tank kits that had been frozen, the White House said.
Obama said he would continue to ask the U.S. Congress for $1.3 billion in military aid for Egypt per year, but has decided to "modernize" the aid by discontinuing the use of cash flow financing for military equipment starting in fiscal 2018, the White House said.

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