VOL. XXXII

NO.34

29-MAY-1989

Financial and Banking News

BUDGETS AND REVENUES

Bank of England Sees Recovery in OPEC Surplus

The stock of identified funds invested abroad by oil-exporting countrieshalted its decline during the second half of 1988, according to the Bank ofEngland's Quarterly Bulletin for May. The total identified deployment of suchfunds stood at $464.5bn at the end of 1988, compared with $455.5bn at the end ofJune 1988 (MEES, 20 February). However, when compared with the stock of...