VOL. XXXV

NO. 48

31-AUGUST-1992

Financial and Banking News

Budgets & Revenues

IMF Refuses to Disburse Balance of Egypt's Standby Credit

The IMF Executive Board decided on 26 August not to disburse SDR130mn($180mn) remaining on Egypt's standby credit agreement, which expires inNovember. The decision, taken as part of the board's annual consultations onEgypt, will jeopardize the second write-off of Egypt's official debts, agreed bythe Paris Club in May 1991, and will complicate the negotiation...