VOL. XXXIV

NO. 23

11-MARCH-1991

Financial and Banking News

Budgets & Revenues

Damascus Declaration Looks to Economic Cooperation and Regional Security

The Damascus Declaration on post-war political and economic cooperation,signed by the GCC states, Egypt and Syria on 6 March, is the first step towardscreating a new economic order in the Middle East, but a considerable amount ofwork remains to be done if any significant progress is to be made towardsreducing economic inequalities in the region....