VOL. XXXIII
NO. 32
14-MAY-1990
Financial and Banking News
Economic Perspectives
Egypt Cuts Subsidies as IMF Negotiations Continue
The Egyptian Government has hiked prices of fuel and some basic foodstuffs aspart of its continuing efforts to reach agreement with the InternationalMonetary Fund (IMF) over a standby credit agreement. A reduction in the burdenwhich subsidies place on the national budget is one of the key economic reformsdemanded by the IMF before signing a letter of intent on the...
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