NO. 43


Financial and Banking News

Budgets & Revenues

Britain to Write Off Half of Egypt's Debt, in Line With Paris ClubTerms

Britain is to write off half of the $1.1bn debt owed to it by Egypt, in linewith the Paris Club agreement on debt forgiveness for Egypt worked out at theend of May. Paris Club agreements are not binding on the participants, so national governments have to take individual decisions to carry out their termsfollowing the Paris meetings. The UK...