NOS. 13/14

26-DEC-94/2 JAN 95

Financial and Banking News

Budgets & Non-Oil

Egypt's Foreign Debt Put At $30Bn

The Egyptian Minister of State for International Cooperation, Dr. YusufButros Ghali, has announced that Egypt's foreign debt stands at $30bn and thatrepayment of this debt will be achieved by 2036, provided that the total debtfigure remains at its present level and economic conditions are stable. Speakingat a conference in Cairo earlier this month, Dr. Ghali also said that...