VOL. XXXVI

NO. 8

23-NOVEMBER-1992

Financial and Banking News

FINANCIAL POLICY

Egypt Changes Privatization Plans Again; More Delays Inevitable

Further delays to Egypt's privatization plans seem inevitable as a result ofthe government's decision to rearrange the holding companies which are to managethe sale of individual state-owned companies. Twenty seven holding companieswere formed earlier this year to take control of state-owned companies (known as"subsidiaries") in a particular industrial...