International and Banking News
BUDGETS AND REVENUES
Egypt and IMF/World Rank Set for Fresh Negotiations
A joint team from the International Monetary Fund (IMF) and the World Bank isexpected in Cairo in the first week of August for a fresh round of negotiationsat which Egypt is planning to press for the release of the remaining funds underthe $325mn IMF loan to Egypt approved in May 1987 (MEES, 25 May 1987). In returnfor committing itself to a program of reforms aimed...