VOL. XXXVI

NO. 3

19-OCTOBER-1992

Financial and Banking News

BUDGETS AND REVENUES

IMF Expected to Give Egypt Seal of Approval on Economic Reform

It seems likely that Egypt will be able to meet the economic targets agreedwith the International Monetary Fund (IMF), under the current stand-byagreement, although the time period for completion may have to be extendedbeyond the 20 November expiry date. During discussions at the IMF/World Bankannual meetings in Washington in mid- September, Egypt undertook...