VOL. XXXI

NO. 49

12-SEPTEMBER-1988

Financial and Banking News

BUDGETS AND REVENUES

Egypt/IMF Talks Resume after Delay

After a week's delay the latest round of negotiations between the EgyptianGovernment and the International Monetary Fund (IMF) began in Cairo on 2September. Egypt needs a green light from the IMF both to release $150mn worthof a standby credit and in order to pursue negotiations on reschedulingagreements covering $7.5bn worth of its foreign debt to Paris Club creditors,representing...