A recent World Bank census of external debt from low- and middle-income countries showed that the volume of such debt increased by 5.2 percent in 2018 compared with 2017 to a total of about $ 7.8 trillion.
MENA countries' external debt to low- and middle-income countries was $ 321 billion last year, up from $ 299 billion a year earlier.
The World Bank attributed the increased financial burden on these countries (91 middle-income and 29 low-income countries) in 2018 to various internal and external factors, including rising US interest rates, rising dollar exchange rates. , trade tensions between Washington and Beijing, and slow growth The global economy.
IFC classifies low-income countries as Yemen, Syria, and Somalia, while middle-income countries are Jordan, Algeria, Egypt, Lebanon, Mauritania, Sudan, and Tunisia.
It is noteworthy that Lebanon, Jordan and Tunisia are at the top of the list of Arab countries in terms of weight of this participation, while significantly reducing this participation in other countries, especially Egypt and Somalia.
Lebanon's foreign debts last year totaled $ 79.3 billion, compared with $ 74 billion in 2017. All Lebanese debts totaled $ 11,661, and foreign debts accounted for 140% of the estimated $ 56 Lebanese economy, 6 billion.
The country's foreign debt in 2018 was estimated at over $ 32 billion, an increase of $ 2 billion over 2017, which was $ 30.1 billion. Jordan's per capita foreign debt was $ 3.232 billion. This external debt constituted 75.8% of the size of the economy. That totaled $ 42.2 billion.
|Tunisians stand in line in front of a currency exchange (Reuters)|
The country's foreign debt increased in 2018 to $ 34.663 billion, up from $ 33.4 billion in 2017, with $ 3.144 per capita, representing 87% of the $ 39.8 billion economy.
The country's foreign debt reached $ 49 billion and $ 29 million in 2018, compared with $ 49 billion and $ 796 million in 2017, bringing the share of each Moroccan debt to $ 1361, and foreign debt constitutes 41.5%. of the Moroccan economy, worth about $ 118 billion.
Last year, the country's foreign debt totaled $ 4 billion and $ 984 million, compared to $ 4 billion and $ 968 million, making each person in Mauritania's foreign debt at $ 1132, representing 94% of GDP that reflects the size of the economy.
According to World Bank statistics, Sudan's external debt fell in 2018 to $ 21.5 billion compared with $ 21.7 billion a year earlier. The per capita share of these foreign debts was $ 514, and total foreign debt accounted for 53% of the estimated Sudanese economy at 40.5%. Billion.
|A Jordanian counts Syrian notes inside a currency exchange shop near the border with Jaber's border between his country and Syria. (Reuters)|
Syria's foreign debt last year shrank to $ 4.558 billion, compared with $ 4,605 million in 2017. All of Syria's share of this debt was $ 271, and foreign debt accounted for 11.3% of GDP. ($ 40.4 billion).
Yemen's foreign debt, which is ravaged by war and epidemics, is estimated at $ 7 billion and $ 37 million in 2018, compared with $ 7 billion and $ 193 million in 2017, and the share of each of these debts was $ 247, and foreign debt accounted for 26 percent of the size of the Yemeni economy, estimated at 27 billion.
The country's external debt was estimated at $ 5 billion and $ 710 million in 2018, compared with $ 5 billion and $ 707 million in 2017. Per capita debt did not exceed $ 219, and these debts accounted for 3.1 % of the $ 180 billion of the Algerian economy.
Somalia's foreign debt stood at $ 2.932 billion in 2018, compared with $ 958 million in 2017, and the estimated per capita foreign debt for the country is $ 195, accounting for 62.3% of the size of the local economy. ($ 4.7 billion).
Egypt's foreign debt was estimated at $ 98.7 billion in 2018, compared with $ 84.4 billion in 2017. Thus, Egypt's share of its foreign debt is $ 100, and foreign debt accounted for 39, 4% of the domestic economy, estimated at a quarter of a trillion dollars.
It should be noted that most of the external debt of the Middle East and North Africa countries is long-term (maturing after more than one year), and most of these loans were provided to international financial institutions such as the International Monetary Fund, the World Bank and the Paris Club …