Financial Reflections of External debts A Case-study for selected Developing countries (1990-2008)

Abstract

The problem of financial decrease and the disability to managefinancial incomes needed to finance the general burdens in spite offollowing monetary policies and the expanded credits lead toprivatization and this make the country fall in external indebtness,These debts consume great ratios of the budgets of the indebtedcountries especially the rang of external indebtness which is equalthe double of G.D.P. in some developing countries and the Arabs inparticular. Therefore, these countries third to practice the programsof economic reform, which resulted in desired financial effects indiminishing the levels of external indebtedness for the period after1991.