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FINANCIAL NEWS
Qatar aims to tap global debt market
25 Oct 2016
(MENAFN) Qatar plans to tap global debt market in order to plug the country”s fiscal deficits, which will give a great capacity of international markets.
Accordingly, the GCC and Caucasus and Central Asia countries will use alternative financing sources to cover the USD250b deficit to avoid any crowding out.
Meanwhile, the mentioned countries’ oil exporters and Algeria face significant financing needs into the medium term, almost USD680bn over 2016-21.
Last year, the GCC, CCA oil exporters and Algeria had an aggregate general government fiscal deficit of almost USD153bn.
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