NO. 50


Financial and Banking News

Aid Flows

Damascus Agreement States Form Committee to Consider Implementation

The eight signatories of the April 1991 Damascus Declaration, whichproposed a new aid fund to channel money from the GCC to Egypt and Syria, haveagreed to set up a joint ministerial commission to oversee disbursements fromthe fund. The move, which was taken during a ministerial meeting in Doha on9-10 September, is seen as a concession to Egypt and Syria, but...