VOL. XXXVIII

NO. 44

31-JULY-1995

Financial and Banking News

Political Economy

Sidqi Puts Egypt's Foreign Debt At $29Bn

The Egyptian Prime Minister, Mr. 'Atif Sidqi, has said that Egypt's externaldebt fell to $29bn in 1995 from $44bn in 1991, when the economic reform programbegan. He also noted that the Egyptian Government is now allocating LE22bn annually from its budget to service its internal and external debt. Mr. Sidqistressed that Egypt is current with its debt serving payments. The economic...