, AfDB, AFESD, AG (observer), AL, AMF, BSEC (observer),
CAEU, CCC, EBRD, ECA, ESCWA, FAO, G-15, G-19, G-24, G-77, IAEA, IBRD,
ICAO, ICC, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO,
Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, NAM, OAPEC,
OAS (observer), OAU, OIC, OSCE (partner), PCA, UN, UN Security Council
(temporary), UNAVEM III, UNCTAD, UNESCO, UNIDO, UNITAR, UNMIBH, UNMOP,
UNOMIG, UNOMIL, UNPREDEP, UNRWA, UNTAES, UPU, WFTU, WHO, WIPO, WMO,
WToO, WTrO
Diplomatic representation in the US:
chief of mission: Ambassador Ahmed Maher El SAYED
chancery: 3521 International Court NW, Washington, DC 20008
telephone: [1] (202) 895-5400
FAX: [1] (202) 244-4319, 5131
consulate(s) general : Chicago, Houston, New York, and San Francisco
Diplomatic representation from the US:
chief of mission: Ambassador Edward S. WALKER, Jr.
embassy: (North Gate) 8, Kamel El-Din Salah Street, Garden City, Cairo
mailing address: Unit 64900, APO AE 09839-4900
telephone : [20] (2) 3557371
FAX: [20] (2) 3572000
branch office: Alexandria
Flag description: 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
Economy
Economy - overview: By the end of the 1980s Egypt - hit by the
collapse of the world oil market and servicing a foreign debt totaling
about $50 billion - faced crises in virtually all economic sectors.
Problems of low productivity and poor economic management were
compounded by the adverse social effects of large population growth
rates, high inflation, and massive urban overcrowding. In the face of
these pressures, in 1991, Egypt undertook wide-ranging macroeconomic
stabilization and structural reform measures. This reform effort has
been supported by three successive IMF arrangements, the last of which
was concluded in October 1996. Egypt's reform efforts - and its
participation in the Gulf war coalition - also led to massive debt
relief under the Paris Club arrangements. Egypt's foreign debt fell to
about $31 billion at yearend 1996. Although the pace of reform has
been uneven a
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