VOL. XXXVI

NO. 8

23-NOVEMBER-1992

Financial and Banking News

BUDGETS AND REVENUES

Egypt Will Request Time Extension to IMF Adjustment Program

Egyptian officials have still not been able to convince the IMF that theyhave met the economic targets outlined in their IMF-agreed structural adjustmentprogram or that they are committed to implementing agreed policy changes according to a specific timetable. As a result, Egypt is expected to request anextension to the program, which expired on 20 November....