Iran's foreign debt to shrink up to $18.9 billion in 2009
According to the The Economist studies conducted in April 2009, Iran's foreign debt will reduce up to $18.9 billion from $21.6 billion in 2008. The reduction will make up 4.9 percent of the GDP, Iranian news channel reported.
According to magazine's estimations, Iran's foreign debt will further shrink in the coming years. So, Iran's debt will reduce up to $18.9 billion in late 2009, $18.4 billion in 2010 and will make up 4.5 percent and 4.2 percent of the GDP respectively.
The foreign debt will total $18.3 billion in 2011 and 2012.
According to the Iranian Central Bank statistics, country's foreign debt amounted $22.7 billion in late 2008. The figure was $21.723 billion in Jan. 2009. About $15.405 billions accounts for long-term and $6.316 billion for short-term debts.