Financial and Banking News
BUDGETS AND REVENUES
Egypt's Debt Estimated at $43.1bn in June 1988
According to a report submitted to the People's Assembly (parliament),Egypt's non-military foreign debt was estimated at $43.1bn on 30 June 1988,compared to $41.2bn on 30 June 1987 and $11.7bn on 30 June 1981. The 1988 debtconsists of general and direct loans from the US, West and East Europe, and Arabfunds (48%), credit facilities and export credits (21.4%), obligations to...