),
AL, AMF, CAEU, CCC, EBRD, ECA, ESCWA, FAO, 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 Frank G. WISNER; Embassy at Lazougi Street,
Garden City, Cairo (mailing address is APO New York 09674-0006);
telephone [20] (2) 355-7371; 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 which has two green
stars and of Iraq which has three green stars (plus an Arabic
inscription) in a horizontal line centered in the white band

_*_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 inflation, promote economic growth, and
improve its external position. The reforms have been slow in coming,
however, and the economy has been largely stagnant for the past
three years. The addition of 1 million people every seven months
to Egypt's population exerts enormous pressure on the 5% of the total
land area available for agriculture.

_#_GDP: $37.0 billion, per capita $700; real growth rate 1.0% (1990
est.)

_#_Inflation rate (consumer prices): 26% (FY90)

_#_Unemployment rate: 15% (1989 est.)

_#_Budget: revenues $7 billion; expenditures $11.5 billion,
including capital expenditures of $4 billion (FY89 est.)