Obama first pledged economic help for Cairo last year. Obstacles remained to completing the debt relief deal - which is reported to involve a mix of debt payment waivers and complicated "debt swaps" - and it was not immediately clear when an agreement might be announced.
But even as the negotiations proceeded in Cairo, Washington has also signaled its backing for a $4.8 billion loan that Egypt is seeking from the International Monetary Fund and which it hopes to secure by the end of the year to bolster its stricken economy. IMF chief Christine Lagarde visited Cairo last month to discuss the matter.
Al-Qaeda-linked terror group now thought to be behind killing of US ambassador to Libya
Hours before the attack, al-Qaeda leader Ayman al-Zawahiri released a video confirming Libi’s death and calling for his blood to be avenged. Yaari added that Zawahiri’s brother Mohammed, recently released from an Egyptian prison, may have had a hand in planning the attack as well.
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According to the report, the Imprisoned Omar Abdul Rahman Brigades is suspected to be behind the attack. The little-known terror group, with links to al-Qaeda, has claimed responsibility for other attacks on international forces near Benghazi in the past.
U.S. nears deal for $1 billion in Egypt debt relief: source - Yahoo! News
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