VOL. XXXVII

NO. 52

26-SEPTEMBER-1994

Financial and Banking News

Economic Policy

IMF Paper Outlines Scope For Improved Relations Between EU And AMU

The five members of the Arab Maghreb Union (AMU - Algeria, Libya, Mauritania,Morocco and Tunisia) conduct 70% of their trade with the European Union (EU),but the EU's trade with the AMU represents only 2% of its total. Forty percentof external aid flows to the Maghreb come from Europe and remittances fromworkers in Europe total around $2.5bn, according...