VOL. XXXV

NO. 7

18-NOVEMBER-1991

Financial and Banking News

Budgets & Revenues

IMF to Assess Egypt's Progress on Economic Reform

An IMF delegation arrived in Cairo in mid-November to assess the progressof Egypt's economic reform program, agreed with the Fund earlier this year.Egypt's commitments on issues such as fiscal deficit targets and interest andexchange rate reform paved the way for a long-awaited standby credit facility,signed in May (MEES, 27 May). The Cairo visit is a routine...