Financial and Banking News
BUDGETS AND REVENUES
Middle East Foreign Debt Reduced and Maturities Lengthened
The foreign debtof Middle Eastern countries to western in- dustrialized countries dropped by 5%during the first six months of 1988, according to figures recently published bythe Basle-based Bank for International Settlements (BIS). At the same time theproportion of this debt which matures within one year or less - usually anindication of the volume of...