Official External Debt: Perspectives from the Experiences of Arab Countries
Author(s)
Alami, Randa
Abstract
Examines Arab debt profiles from 1975 to 1990, viewed as an outcome of the relationship of Arab states with their economies and policies on the one hand, and with their regional and global alliances on the other – with military imports being an important source of indebtedness. Arab debtors by the end of the 1990’s could be divided into two groups: those wiped out by state collapses and wars, such as Iraq, Somalia, and the Sudan, and those with moderately indebted economies, such as Morocco, Egypt, and Tunisia.
