VOL. XXXVIIINO. 1616-JANUARY-1995

Financial and Banking News

Regional Financing

Plans For Middle East Development Bank Make Slow Progress

The formation of a new Middle East Regional Development Bank remains some wayoff, despite two days of meetings between the interested parties in Washingtonon 10-11 January. The major differences are between the Europeans, who would beexpected to subscribe a large part of the capital, and the bank's four principalsupporters from the Middle East: Egypt, Israel,...