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3; note - most opposition parties boycotted :Egypt Government President: last held 5 October 1987 (next to be held October 1993); results - President Hosni MUBARAK was reelected Communists: about 500 party members Other political or pressure groups: Islamic groups are illegal, but the largest one, the Muslim Brotherhood, is tolerated by the government; trade unions and professional associations are officially sanctioned Member of: ACC, ACCT (associate), AfDB, AFESD, AG (observer), AL, AMF, CAEU, CCC, EBRD, ECA, ESCWA, FAO, G-15, G-19, G-24, G-77, GATT, IAEA, IBRD, ICAO, ICC, IDA, IDB, IFAD, IFC, ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, IOM (observer), ISO, ITU, LORCS, NAM, OAPEC, OAS (observer), OAU, OIC, PCA, UN, UNCTAD, UNESCO, UNIDO, UNRWA, UPU, WHO, WIPO, WMO, WTO Diplomatic representation: Ambassador El Sayed Abdel Raouf EL REEDY; Chancery at 2310 Decatur Place NW, Washington, DC 20008; telephone (202) 232-5400; there are Egyptian Consulates General in Chicago, Houston, New York, and San Francisco US: Ambassador Robert PELLETREAU; Embassy at Lazougi Street, Garden City, Cairo (mailing address is APO AE 09839); telephone [20] (2) 355-7371; FAX [20] (2) 355-7375; there is a US Consulate General in Alexandria Flag: three equal horizontal bands of red (top), white, and black with the national emblem (a shield superimposed on a golden eagle facing the hoist side above a scroll bearing the name of the country in Arabic) centered in the white band; similar to the flag of Yemen, which has a plain white band; also similar to the flag of Syria that has two green stars and to the flag of Iraq, which has three green stars (plus an Arabic inscription) in a horizontal line centered in the white band :Egypt Economy Overview: Egypt has one of the largest public sectors of all the Third World economies, most industrial plants being owned by the government. Overregulation holds back technical modernization and foreign investment. Even so, the economy grew rapidly during the late 1970s and early 1980s, but in 1986 the collapse of world oil prices and an increasingly heavy burden of debt servicing led Egypt to begin negotiations with the IMF for balance-of-payments support. As part of the 1987 agreement with the IMF, the government agreed to institute a reform program to reduce
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