VOL. XLVII

No 09

01-March-2004

BUDGETS AND REVENUES

ESCWA Debt Rose 4% To $307Bn In 2002, Says Report

The total debt of countries in the Economic and Social Commission for Western Asia (ESCWA) group of countries rose by 3.8% between 2001 and 2002 to reach $307.1bn, according to figures published in the UN organizations recent Survey of Economic and Social Developments in the ESCWA Region. Total debt in the GCC region rose by almost $4.5bn. Saudi debt, which made up 83% of the GCCs total debt in...