Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

REGIONAL

Sovereign Borrowing In Middle East And Africa To Decrease In 2005, Says S&P

Standard & Poors (S&P) expects medium and long-term borrowing of Middle East and Africa (MEA) rated sovereigns to decrease from $58.7bn in 2004 to $54.1bn in 2005. This decrease reflects widespread improvements in fiscal positions throughout the region, says the 18 February report entitled Middle East And Africa Sovereign Issuance Outlook:...