Financial and Banking News
Balance of Payments
Egypt recorded its third successive current account surplus in 1992-93. Theimprovement in Egypt's payments position is due to an increase in privatetransfers, which reached $7.3bn in 1992-93. The trade balance and servicesbalance remained roughly constant during the previous two years. Therescheduling of official debt through the Paris Club has started to benefit thepayments position. Principal...