VOL. XXXII

NO. 28

17-APRIL-1989

Financial and Banking News

BUDGETS AND REVENUES

Egypt Inches Forward with Austerity Package, Hits Black Marketeers

The Egyptian Government's proposed austerity package, which althoughconsiderably milder than the medicine prescribed by the International MonetaryFund (IMF) has already been delayed by nearly four months (MEES, 20 February)because of fears of creating social unrest, is finally being introduced - inalmost microscopic doses. As of 24 March, the Egyptian...