Iran's foreign debts will be reduced by $2.4 billion in 2009, reaching to $18.7 billion, the Economist predicted in its September report.
ISNA news agency quoted the report stating that Iran's foreign debts last year amounted to be $21.1 billion which would be reduced to $18.7 billion, some 5.2 percent of the country''s gross domestic production.
The Economist predicted that Iran's foreign debts would follow a slow declining trend and reach $18.5 billion in the Iranian calendar year 1389 (begins March 21, 2010) and move down to $18.4 billion a year later, which are respectively 4.4 and 3.8 percent of the GDP.