VOL. XXXIII

NO. 1

9-OCTOBER-1989

Financial and Banking News

Budgets and Revenues

Egypt Submits New Letter of Intent

Negotiations between the Egyptian Government and the InternationalMonetary Fund (IMF) have speeded up with the decision of the IMF/World Bank teamto visit Cairo immediately following President Mubarak's trip to Washington.At issue is the latest Egyptian Letter of Intent which must be approved by theIMF in order to clear the decks for a rescheduling of Egypt's foreign debt toofficial...