VOL. XXXIII

NO. 27

9-APRIL-1990

Financial and Banking News

Loans & Issues

Abu Ghazala to Lead New Privatization Drive

The appointment of Mr. 'Abd Al-Halim Abu Ghazala, the former EgyptianMinister of Defense and Military Production, to spearhead a new drive toprivatize Egypt's state and regionally-owned companies was announced followingan extraordinary ministerial meeting on 2 April. Privatization is a key elementin the economic reform packages being demanded by the World Bank and the IMF in...