Financial and Banking News
BUDGETS AND REVENUES
Iraqi Foreign Debt Increases 53% in One Year
Last week statistics compiled by the Organization for Economic Cooperationand Development (OECD) and the Bank for Inter- national Settlements (BIS)measuring the foreign debts of countries to banks and non-bank trade-relateddebt were published, giving an indication of the speed at which some Arab stateshave been increasing their foreign indebted- ness. In particular, Iraq has...