VOL. XXXVIIINO. 531-OCTOBER-1994

Regional Banking

President Clinton Pledges Support For Middle East Development Bank

In hisaddress to the Jordanian Parliament on 26 October, following the signature ofthe Jordanian-Israeli peace treaty, US President Clinton announced that hisgovernment supports the creation of a Middle East Bank for cooperation anddevelopment and that it will take the "lead in consultations withgovernments within and beyond the region to ensure that the bank is properly...