LYCOS RETRIEVER 
Egypt: United Kingdom
built 193 days ago
WASHINGTON, Aug. 22 /PRNewswire/ -- Singer, author, actor and monologist Henry Rollins will embark on his sixth USO tour to provide a morale boost to troops stationed in Egypt and Turkey Aug. 25-Sept. 1. Rollins will meet with service members, tour a variety of job posts and sign autographs. Rollins's past USO tour stops include Kuwait, Iraq, Kyrgyzstan, Afghanistan, Qatar, Honduras, Japan, Korea and the United Arab Emirates. The Washington, D.C., native ... has visited troops recuperating at Walter Reed Army Medical Center and the National Naval Medical Center.
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From the Camp David peace accords in 1978 until 2000 (the latest year for which figures are available), the United States has subsidized Egypt's armed forces with over $38 billion worth of aid. Egypt receives about $2 billion annually--$1.3 billion in foreign military financing and about $815 million in economic support fund assistance --making itthe second largest regular recipient of conventional U.S. military and economic aid, after Israel. In 1990, the United States ... forgave $7.1 billion in past Egyptian military debt in return for Egypt's support of Operation Desert Shield. In addition, Egypt receives excess defense articles worth hundreds of millions of dollars annually from the Pentagon. The announcement that 23,000 U.S. troops will be based in Egypt to conduct biannual military training exercises (Operation Bright Star) may have longer term implications for U.S. aid to the region, as might Egypt's willingness to support U.S. efforts against the Taliban.
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Since the 1970s billions of dollars in economic aid have poured into Egypt from the United States, Arab neighbors, and European nations. However, the country's inefficient state-run industries, its bloated public sector, and its large military investments resulted in inflation, unemployment, a severe trade deficit, and heavy public debt. A series of economic and fiscal reforms undertaken in the 1990s, with support from the International Monetary Fund, appear to be having a positive effect on the country's overall economy.
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