NO. 17


Financial and Banking News

Economic Indicators

'Atif Sidqi Outlines Egypt's Economic Progress

In a wide-ranging speech to Egypt's People's Assembly on 13 December, PrimeMinister 'Atif Sidqi gave an upbeat assessment of Egypt's economic reformprogram and the country's economic prospects. The Prime Minister told theAssembly that:

- The budget deficit will fall to 2.6% of gross national product during1993/94 (the year to 30 June 1994), and is due to fall to 1% in...