VOL. XXX

NO. 6

17-NOVEMBER-1986

Financial and Banking News

BUDGETS AND REVENUES

Tougher Line on IMF after Egyptian Government Changes

The Egyptian government resigned on 10 November and was immediately replacedwith a new cabinet which essentially changed only the economic team. Theoutgoing Prime Minister, Mr. 'Ali Lutfi, was appointed 14 months ago to takesome hard economic decisions and hammer out a deal with the IMF, a mandate whichhe largely failed to fulfill, and which was passed on, in almost...