Financial and Banking News
BUDGETS AND REVENUES
Egypt Set for Marginal Increase in Interest Rates
Officials at the Central Bank of Egypt (CBE) last week confirmed remarks madeearlier by the Prime Minister, Dr 'Atif Sidqi to the effect that interestrates will be marginally increased in Egypt in the near future. The issue ofdomestic interest rate policy is a key point of disagreement between theEgyptian Government and the International Monetary Fund (IMF), with the latter...