VOL. XXXVIII

NO. 24

13-MARCH-1995

Financial and Banking News

Budgets & Revenues

Egyptian Minister Says Devaluation Not Open For Discussion

The Egyptian Minister of State for Administrative Development andEnvironmental Affairs, Dr. 'Atif 'Ubaid, has denied reports that donor stateshave pressed for a devaluation of the Egyptian Pound in order to speed up theprivatization process. The minister stressed that the question of devaluationwas no longer open for discussion between Egypt and the...