Financial and Banking News
BUDGETS AND REVENUES
Iraq, Jordan, Algeria Increase Foreign Bank Borrowing
The Basle-based Bank for International Settlements (BIS) last week released details of the maturity distribution of international bank lending in 1986 which showed that some Arab states have sharply increased their borrowing from foreign banks in recent years. In particular, Iraq has increased its debt to foreign banks nearly six-fold since 1983, while Algeria's bank debt has...