Financial and Banking News

BUDGETS AND REVENUES

Egypt's Debt Service $3.1bn in 1986 

Egypt's foreign civilian debt has a peak servicing requirement totalling $3.1bn this year, according to a statement to parliament by Dr. Kamal el-Janzoury, Deputy Prime Minister and Minister of Planning, on 23 February. Dr. Janzoury said that the country's annual debt service requirement was expected to decline from next year as measures to rationalize its foreign debt became effective,...