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World Bank says debt increasing in Middle East countries

Egypt, Iran and Turkey’s debt rose significantly last year.
A man walks past the World Bank building in Washington on April 21, 2022.

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:

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