VOL. XXXIV

NO.15

14-JANUARY-1991

Financial and Banking News

Budgets & Revenues

Gulf Crisis Focuses Attention on Middle East Debt, but not All WillBenefit

The burden of debt affecting the Middle East's major developing economieseased significantly during 1990 as a result of debt restructuring andwrite-offs, but debt servicing difficulties for some of the small countriesremained, or increased, as a result of the Gulf crisis. Algeria, Egypt andMorocco, the three biggest debtors, which together...