Financial and Banking News


$97bn Arab Debt Identified 

The foreign debt of 18 Arab states increased from $87.63bn in 1984 to $96.56bn in 1985, according to figures compiled from data collected by the organisation for Economic Cooperation and Development (OECD) and the Bank for International Settlements (BIS). The joint data provides a more complete picture than that issued by the BIS (see MEES, 21 July for details of 1983-85 data) as well as excluding the...