Financial and Banking News
BUDGETS AND REVENUES
Egypt and IMF Edge towards Agreement
The latest round of talks between the Egyptian Government and theInternational Monetary Fund (IMF), which ended on 30 June, appears to haveimproved the prospects of reaching an accord on the rescheduling of Egypt's$45-50bn foreign debt. According to Dr. Shakur Sha'lan, the head of the IMFMiddle East Department, the Egyptians appear to be serious in their attempt topress on with their...