Financial and Banking News
BUDGETS AND REVENUES
Lack of Rescheduling Agreements Jeopardizes Egypt/IMF Agreement
A long-term economic restructuring agreement between Egypt and theInternational Monetary Fund (IMF) is apparently slowly unraveling as a result ofnumerous disagreements and Egypt's inability to reschedule its public sectordebt with Paris club creditors. Under the terms of the IMF "EconomicStandby Program" approved on 15 May 1987, Egypt was to receive a total...