The future of oil and fiscal sustainability in the GCC region Paperback / softback
by International Monetary Fund: Middle East and Central Research Departments, Tokhir Mirzoev
Part of the Departmental paper series
Paperback / softback
Description
The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil.
This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world's oil production.
The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues.
Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries' existing plans
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:52 pages, col. figs,
- Publisher:International Monetary Fund (IMF)
- Publication Date:28/02/2020
- Category:
- ISBN:9781513525907
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:52 pages, col. figs,
- Publisher:International Monetary Fund (IMF)
- Publication Date:28/02/2020
- Category:
- ISBN:9781513525907
