One step forward: Poland

Article Abstract:

Poland's parliament passed a budget just before a constitutional deadline, only with hard campaigning and threats by prime minister Hanna Suchocka and Pres Lech Walesa. A renewal of International Monetary Fund assistance was dependent on passing a budget with a 5% deficit limit.

Budget, Budgeting, Budgets, Poland, Polish foreign relations

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The sphinx knows how: Egypt

Article Abstract:

Egypt is home to great private wealth and booming industry, but also mass starvation. Central planning has failed miserably at income redistribution. Reforms imposed by the International Monetary Fund are proceeding well, but unpopular price hikes and layoffs lay ahead.

Economic development, Egypt, Egyptian foreign relations

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