Financial and Banking News
BUDGETS AND REVENUES
ATF Notes Crisis of Arab External Debt
The foreign debts of the Arab countries, when considered as a whole,constitute around 15% of world debt, and do not represent either a major crisisor an insurmountable problem. However, on a country-by-country basis the position is far more serious and in some cases critical, since several major Arabcountries are unable to meet their payment schedules without furtherrestructuring and...