NO. 8


Financial and Banking News

Budgets & Revenues

Egypt Records First Current Account Surplus since 1968

Egypt recorded a current account surplus of $237mn in 1990, its first since1968, according the the October edition of International Financial Statistics,which is published by the IMF. The 1990 figure compares with a deficit of$1,691mn in 1989 and $1,048mn in 1988. The improvement cannot be attributed toexceptional financing from Arab and other states during the...