VOL. XXX
NO. 4
03-November-1986
Financial and Banking News
LOANS AND ISSUES
IMF Loan for Egypt in Balance
Amid a welter of conflicting reports from Cairo last week, it appears thatthe fate of a major IMF standby credit is in the balance. Egypt's oil income hasbeen drastically reduced, and its oil trade surplus fell by 70% from $1,139mn inthe first half of 1985 to $341mn in the first half of 1986 according to figuresrecently released by the Egyptian General Petroleum Corporation. Its annual debt...
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