VOL. XXXII

NO. 46

21-AUGUST-1989

Financial and Banking News

AID FLOWS

US Releases $115mn to Egypt

The US Government has agreed to release $115mn cash aid to Egypt for 1988under an agreement signed last week by the US Ambassador to Egypt and theEgyptian Minister of State for International Cooperation. The release signalsthe approval by the US of Egypt's economic reform program.