Middle East

Lower Oil Prices Could Lead to More Debt Issuance to Plug MENA Deficits

A pronounced and prolonged deterioration in the price of oil could shoulder Gulf governments with yawning deficits and may catalyse additional debt issuance to plug the gap.

By Bonds & Loans

Mar 12, 2020 // 3:30AM

Subscribe for access:

Subscribe

Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.

Want full access to market-leading conferences?

Subscribe

UPCOMING EVENT

UPCOMING EVENT

Related Reads

Bonds, Loans & Sukuk Middle East 2020 - Virtual Conference

Dec 6, 2020

Project, ECA & Structured Finance MENA 2020 Virtual

Oct 6, 2020

#BondsLoans24 - Approaching the market: How are corporates managing their short, medium, and long-term funding?

Jul 17, 2020

#BondsLoans24 - GCC cost of funding vs. price of lending: How are loan bankers structuring and pricing deals?

Jul 14, 2020

Recommended Stories

Vale Scoops Up USD1.5bn in Cross-Border Bond Outing

Vale Overseas, a special purpose vehicle set up and owned by Brazilian mining giant Vale, raised USD1.5bn in the international capital markets this week.

Jul 8, 2020

Deal with Bondholders Clears Path for Ecuador to Restructure USD17.4bn in Debt

The Republic of Ecuador has reached a preliminary deal with the its largest creditors, paving the way for the country to restructure nearly USD17.4bn in sovereign bonds.

Jul 7, 2020

Moody’s: Many Emerging and Frontier Markets Unlikely to Recover Until 2022

The coronavirus pandemic has weighed heavily on the fiscal performance and debt levels globally, with many emerging and frontier markets unlikely to recover until 2022 at the earliest according to Moody’s.

Jul 7, 2020

COVID-19 Sets Per-Capita Income in Sub-Saharan Africa Back by Nearly a Decade – IMF

Growth in Sub-Saharan Africa (SSA) is set to contract by twice the amount previous forecast in April, according to the latest IMF estimates, with per-capita income across the continent falling to levels not seen in nearly a decade.

Jul 2, 2020