NO. 12


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...