IMF flags high public debt in Middle East oil exporters
Oil producers in the Mena region are expected to average budget deficits of 4% of GDP in 2019
Oil producers in the Middle East and Northern Africa (Mena) face a challenging fiscal outlook as the oil market becomes increasingly volatile, says the International Monetary Fund (IMF).
In a focus report published on April 29, the IMF links higher public debt in economies such as Algeria and Saudi Arabia with less predictable oil prices, their main source of revenues. Against this backdrop, the fund recommends authorities resume fiscal consolidation efforts.
“Lower oil prices with bouts of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Economics
Book notes: The road to freedom: economics and the good society, Joseph E Stiglitz
This stimulating amalgamation of previous ideas presenting the kind of economic system most conducive to decent society
Bofit study projects continued slowdown in China
Group’s latest forecast says economy needs to be rebalanced in favour of consumption
Global component of inflation surged in pandemic – research
Dallas Fed authors say international factors exert greater influence than they did pre-Covid
ECB could go below r* when setting policy, says Panetta
Bank of Italy governor says eurozone has to return to “normal way of doing monetary policy”
IDB announces organisational restructure
Bank creates new VP role and divisions, and elevates chief economist
Rehn reiterates need for inquiry into demographics, inflation
Europeans need to ready themselves for trade fragmentation, says Bank of Finland governor
PBoC cuts loan prime rates
Reductions in benchmark lending rates follow recent stimulus measures
Global soft landing could ameliorate US inflation – research
Study by San Francisco Fed finds rising prices of domestic goods are tied to international factors