VOL. XXXIX

No. 50

9-September-1996

GENERAL

US And Russia Deposit Mideast Bank Agreement With UN

Representatives of the United States and Russia - the co- sponsors of the Middle East peace process - on 28 August deposited the agreement for the Bank for Economic Cooperation and Development in the Middle East with the UN Secretary General and declared the agreement formally open for signature by prospective members. The bank has a capital of $3.3bn and drawing rights of about $5bn. Based...