Word: mubarak
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...agenda when Vice President George Bush sat down last week with Egyptian President Hosni Mubarak was an urgent request that the U.S. help alleviate Egypt's burgeoning economic problems. Bush, who was winding up a three-nation Middle East tour, demurred. Pleading that he "didn't come here to cry poor mouth," the Vice President nonetheless declared that the U.S. was "facing very difficult budgetary times" and could not guarantee an increase of its $2.2 billion in annual aid to Cairo. But he did promise to discuss Egypt's needs with President Reagan. Said Bush: "A stable Egypt is vitally...
...relief from payments coming due on its $35 billion foreign debt, it may be forced either to default on loans or to cut domestic spending so drastically as to risk provoking a political crisis. Since almost any new regime is likely to be more influenced by Islamic fundamentalists than Mubarak's has been, Washington has good reason to make sure that Egypt ultimately gets the aid it needs. Says one Western observer: "No matter how you do the numbers, they're going to need help...
...Mubarak asked Bush to urge the International Monetary Fund to reschedule some of Egypt's debt to ease potentially dangerous pressures on his government. He also renewed two other long-standing requests...
...Mubarak would like the U.S. to untie the strings attached to Egypt's $1 billion in annual economic aid, which is largely awarded in the form of specific joint-development projects. The Egyptians want more of the aid in cash...
...dinner with the King and his American-born wife, Queen Noor. Said a Bush aide: "They got along like back-porch neighbors." After a sojourn at the King's palace on the Gulf of Aqaba, Bush was scheduled to go on to Cairo for talks with Egyptian President Hosni Mubarak...