VOL. XL

No. 22

2-June-1997

EGYPT

IFC And NBE In Risk Management Service

The International Finance Corporation (IFC), the private sector arm of the WorldBank, announced on 21 May, that it will establish a Risk Management Facility (RMF) for theprivate sector with the National Bank of Egypt (NBE). A statement issued by the IFC says that thefacility, the first of its kind to be established by the IFC in Egypt, will allow "the undertaking ofapproximately $400mn of risk management transactions" such as...