NO. 18


Financial and Banking News

Regional Debt

For Most Middle East Countries, Long Term Prognosis on Debt Is Reasonable

Developing countries in the Middle East and North Africa paid $20,848mn in debt servicing during 1991, according to figures published by the World Bank at the end of last year. This total, which excludes debt forgiveness agreed in May 1991 from the Paris Club of official creditors, represented 38% of the countries' exports of goods and services. The...