VOL. XXXVII
NO. 12
20-DECEMBER-1993
Financial and Banking News
Debt Flows
Regional Debt Picture Healthy But Not Ideal
The external debt of developing countries in the Middle East and North Africais expected to rise to $194,684mn by the end of 1993, an increase of 4% over1992. However, the region's debt is growing at a slower rate than that recordedby developing countries as a whole, and its level of debt as a proportion ofgross national product (GNP) is also below the international average. The...
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