Financial and Banking News
BUDGETS AND REVENUES
Intra-Arab Debt Totals $12.3bn in 1987
The aggregate foreign debt of Arab countries to each other stood at $12,270mnat the end of 1987, according to figures recently published by the OECD. Thetotal was owed by 14 recipient countries, whose total long-term foreign debtstood at $116,772mn at the end of 1987, indicating an intra-Arab share of 10.5%.Two-thirds of the total intra-Arab debt was accounted for three...