VOL. XXXVII
NO. 12
20-DECEMBER-1993
Financial and Banking News
Debt Flows
Although some Countries Are Facing Big Problems
The position of some countries has deteriorated during 1993. Iran has beenforced to reschedule billions of dollars worth of trade related credits andreimpose restrictions on the opening of letters of credit since its short- termdebt burden went out of control. From $1.4bn at the end of 1988, the country'sshort-term debt to banks in the developed world rose to $7.9bn by the end...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!