VOL. XLIII
No. 20
15-May-2000
EGYPT
Egypt Accepts Foreign Loan Offers To Ease Liquidity And Starts To Pay Domestic Debt
Egypts Prime Minister 'Atif 'Ubaid announced on 7 May that Egypt would accept loan offers from international organizations to finance the countrys current liquidity crisis (see MEES, 8 May). According to a Dow Jones report, Dr 'Ubaid said that the African Bank and the Islamic Bank had already offered financial assistance, while the World Bank plans to grant $750mn to finance...
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