World Bank says debt increasing in Middle East countries
Egypt, Iran and Turkey’s debt rose significantly last year.
The World Bank released last week its latest annual end-of-the-year external debt stocks report, assessing that Egypt, Iran and Turkey’s debt rose significantly last year.
The following is a break of Middle Eastern states and their debt at the end of 2022, according to the World Bank report. External debt stocks refer to the portion of a country’s debt that was borrowed from foreign lenders:
Egypt
Egypt’s external debt stocks amounted to $143.3 billion, up from $129.8 billion in 2020.
