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BUDGETS AND REVENUES
Egypt Agrees on Draft Letter of Intent for IMF
Egyptian and IMF negotiators last week agreed on a draft letter of intentwhich, when formally approved, will pave the way to a full agreement comprisingIMF credits, Egyptian economic reform and, eventually, rescheduling agreementswith Egypts's principal foreign creditors. The draft agreement has been madepossible after a softening of the IMF line on a number of issues and...