Financial and Banking News
BUDGETS AND REVENUES
Egyptian Debt Service so Far this Year Exceeds 1985
According to a statement made to the local press on 28 May by the Egyptian Minister of Economy and Foreign Trade, Mr. Sultan Abu 'Ali, Egypt has made a total of $1.25bn in debt service payments so far this year, which "is 25% higher than that paid for the whole of 1985." This is consistent with statements made by Egyptian officials earlier this year indicating that the...