NO. 42


Financial and Banking News

Loans & Issues

Mubarak Clarifies New Elements in $8bn Assistance Package

President Hosni Mubarak of Egypt says that new aid commitments account foronly $1.6bn of the $8bn in development assistance guaranteed by internationaldonors in mid-July (MEES, 15 July). In remarks to the Cairo daily al-Jumhuriyyah, Mr. Mubarak said that the donors had agreed to raise theircommitments from $3.2bn per year to $4bn. He added that in the financial year...