VOL. XL

No. 22

2-June-1997

EGYPT

IMF Approves Egyptian Reform Program

On 27 May, an IMF working party finished its review of Egypt's economicperformance for the period January to March 1997. The head of the Fund's Middle East department, Dr.'Abd al-Shakur Sha'lan, told the Egyptian daily al-Ahram that the review process had confirmedthe soundness of the reform measures and the commitment of the Egyptian government to execute theprogram agreed upon. Dr. Sha'lan said that the second stage of the...