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Managing Syria's Debt Burden - A New Strategy?

Published on Mon, 13 Dec 1999 - Volume: 42 Issue: 50

VOL. XLII

No 50

13-December-1999

SYRIA

Managing Syrias Debt Burden A New Strategy?

In October, Syrias Economy Minister, Dr. Muhammad 'Imadi,announced emphatically that Syria would not be seeking any more loans from theWorld Bank because the interest rates charged were too high, suggesting thatperhaps a new strategy had been adopted in the countrys debt managementpolicy. Mr. 'Imadis statement, published in Tishrin, one of thecountrys official newspapers, was no doubt aimed at sending a positive...