VOL. XXXI

NO. 50

19-SEPTEMBER-1988

Financial and Banking News

BUDGETS AND REVENUES

IMF/Egypt Talks Deadlocked

Negotiations which began on 2 September between the Egyptian Government andthe International Monetary Fund (IMF) have reached deadlock, and the IMF teamhas flown back to Washington after eight days of inconclusive talks. In astinging attack on the IMF and its demands for rapid economic reform, PresidentMubarak on 8 September compared the Fund to an "unqualified ruraldoctor" who prescribes...