VOL. XXXVI

NO. 41

12-JULY-1993

Financial and Banking News

REGIONAL FINANCING

Egypt And The IMF Move Towards Agreement On Second Reform Program

Egypt will soon send a letter of intent to the IMF detailing the policieswhich it would implement as part of a second economic reform program. Once theFund's Managing Director, Mr. Michel Camdessus, has received the letter, theFund's executive board can begin formal deliberations on whether to agree asecond program. Egypt successfully completed an 18 month...