VOL. XXXV
NO. 14
6-JANUARY-1992
Financial and Banking News
Budgets
GCC Leaders Approve $10bn Aid Fund, but Implementation is far off
The Gulf Cooperation Council (GCC) heads of state have given their approvalfor a $10bn Arab aid fund, first mooted in the Damascus Declaration signed bythe GCC, Egypt and Syria on 6 December (MEES, 11 March). The $10bn figure wasagreed by the GCC foreign ministers and finance ministers meeting in advanceof the GCC summit, which was held in Kuwait at the end of...
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