Financial and Banking News


Arab States Spent $24bn Servicing Foreign Debt in 1984 

Figures published by the OECD in its financing and External Debt of Developing Countries", published last month, show that the 18 principal Arab states had a total external debt of $129.1bn at the end of 1984, of which $81.7bn constituted long-term debt. Some 60Z of the total long-term debt ($48.8bn) is accounted for by just three North African countries: Egypt, Algeria and...