VOL. XXXIV
NO. 19
11-FEBRUARY-1991
Financial and Banking News
Budgets & Revenues
Baker Proposes Huge Multilateral Commitment to Middle East Development
The proposal by US Secretary of State James Baker, to establish amultilateral institution for post-war reconstruction and development in theMiddle East is nothing if not ironic. Iraq's memorandum to the Arab Leagueshortly before its invasion of Kuwait on 2 August, called for an Arab plan,similar to the US Marshall Plan, to fund to reconstruction...
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