President Barack Obama plans to accelerate the pace of American aid to Egypt by redirecting non-urgent aid slated for other countries, a top U.S. diplomat said Wednesday. Speaking on the sidelines of the annual World Economic Forum, Undersecretary of State Robert Hormats said Washington wants to provide more immediate benefits to the most populous Arab nation, which earlier this month conducted its first democratic elections in decades. Besides redirecting some foreign aid, funding in the pipeline for long-term programs in Egypt would be shifted to quick-impact projects, Hormats said.
