Financial and Banking News
BUDGETS AND REVENUES
Egypt Close to Deal on Soviet Debt
The Egyptian Minister of Economy, Mr. Yusri Mustafa, last week visited Moscowto hold what was expected to be the final round of discussions on Egypt'smilitary debt to the Soviet Union. Egypt has failed to pay interest - equivalentto 2% per annum - on its estimated $3bn worth of military debt to the SovietUnion since 1977. The main elements of the agreement which has now been reached,...