VOL. XXXVII

NO. 26

28-MARCH-1994

Financial and Banking News

Budgets & Revenues

Yousef Boutros Ghali Defends Egypt's Economic Reform Program

In a robust defense of Egypt's IMF-sponsored economic reform program,published in the daily Al-Ahram on 23-24 March, Mr. Yousef Boutros Ghali, thecountry's Minister of State for International Cooperation, said that Egypt is ontarget to meet its economic objectives by the end of 1995. These includereducing inflation to 3-5% and the creation of 400,000 new...