VOL. XXXIV

NO. 7

19-NOVEMBER-1990

Financial and Banking News

Budgets & Revenues

Egypt Begins Rescheduling Talks with Country Creditors

A high-level Egyptian delegation led by Central Bank Governor Salah Hamid metwith representatives from some of Egypt's creditor nations on 16-17 November toconsider rescheduling, and possibly forgiving, some of the country's $37bnofficial debt. Official creditors (known collectively as the Paris Club) do notnormally consider requests for rescheduling unless a...