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[size=30]& Bowers: Borrowing is falling in the Middle East[/size]
26/02/2018 02:08 | Number of readings: 1
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[rtl]Trend Press / Agencies[/rtl]
[rtl]The Standard & Poor's credit rating agency forecast that the Middle East and North Africa (MENA) sovereign debt would decline by 6 % in 2018 . "He said.[/rtl]
[rtl]The rating agency said in a recent report that the region's borrowing would fall to $ 181 billion, noting that North Africa's debt could fall by 6 percent this year after falling by 30 percent in 2017 .[/rtl]
[rtl]Mainly due to fiscal consolidation across the GCC and higher oil prices, which are likely to reduce the funding needs of oil-exporting governments .[/rtl]
[rtl]Total loans reached $ 46.4 billion, accounting for 26% of the total long-term commercial loans in the region, followed by Iraq ($ 35 billion or 19% of the total), Saudi Arabia ($ 31 billion) Or 17%. "[/rtl]
[rtl]Standard Commercial Debt for Middle East and North Africa (MENA) companies is expected to rise by US $ 21 billion to US $ 764 billion at the end of 2018, up 3% from 2017 .[/rtl]
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