Financial and Banking News


Egypt Denies Loan Repayment Delays 

The Governor of the Central Bank of Egypt, Mr. 'Ali Negm, last week denied press reports that Egypt was not keeping up with its servicing commitments on its foreign debt. He gave figures for FY1985/86 (i.e. year ending 30 June) which indicated that a total of $4,578mn had been repaid in principal and interest payments during the year, of which $1,856mn serviced debt to governments and...