VOL. XXXVIII

NO. 2

10-OCTOBER-1994

Financial and Banking News

Regional Financing

Shimon Peres To Propose Joint Arab Israeli Development Bank For MiddleEast

Israeli Foreign Minister Simon Peres is expected to use next month's MiddleEast Economic Forum in Casablanca as a platform from which to launch his idea ofa new Middle East development bank to fund joint Arab and Israeli projects. Thebank would be funded by Arab, Israeli, US and European money. Mr. Peres has beenlobbying hard for the new bank...