14 Hrs
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بوابة الشروق
Source: بوابة الشروق
14 Hrsبوابة الشروق
Source: بوابة الشروق
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Mahmoud Mohieldin said that total Arab debt stands at around $1.3 trillion, with debt service accounting for an average of 15%—and more in some countries. Globally, around 8% of public budgets goes to interest payments, while 51 countries spend more on debt interest than on education or health. He warned that financing costs are rising as interest rates increase, calling this one of the biggest challenges facing Arab industrialists, alongside insufficient development and new-energy financing, the slow pace of mobilizing it, and its inequitable distribution. He called for greater efficiency in financing and investment, and for readiness to meet European requirements, including the Carbon Border Adjustment Mechanism, to support the competitiveness of Arab exports and industry.
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