Public debt to Ottoman Empire

Ottoman public debt was part of a larger schemes of political control, through which the commercial interests of the world had seek to gain advantages that may not be to Empire's interest. The total pre-war debt of Empire was $716,000,000. France had 60 per cent of the total, Germany was 20 per cent, and Great Britain was 15 per cent. The debt was administered by a Ottoman Public Debt Administration and its power was extended to the Imperial Ottoman Bank (Central bank). Debt Administration controlled many of the important revenues of the empire. The Council had power every financial affairs. It's control even extended to determine the tax on live stock in districts. Siding with Germany, with the minimum dept holder put the Empire in the position to pay its dept or even pay a war indemnity.