Financial and Banking News
BUDGETS AND REVENUES
Middle East Foreign Debt Measured at $114.3bn in 1987
The foreign debt of Middle Eastern countries edged up by 8.5% to reach$114.3bn at the end of 1987, according to statistics compiled by the OECD andthe Bank for International Settlements (BIS). The OECD/BIS series does notmeasure total foreign debt as it excludes most government-to-government debt aswell as all loans by countries outside the western industrialized...