NO. 12


Financial and Banking News

Debt Flows

OPEC Debt Remains Stable, but Debt Service Will Become Harder

External debt of the 12 OPEC members rose by 6.2% to $223,868mn at the end of1992 (see Table 3). The increase was largely due to Indonesia, Iran, Venezuelaand Kuwait. Nigerian medium-term debt fell by $5,738mn following a debtreduction deal, although this benefit was partly offset by an increase inshort-term debt, which more than doubled. Other countries' debt...