The future of oil and fiscal sustainability in the GCC region

Departmental paper No. 20/01

Corporate Author:
International Monetary Fund Middle East and Central Research Departments
Tokhir Mirzoev

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

Extent vii, 45p. ISBN 9781513525907
Size N/A Price £19.95
Format Paperback Published 28 Feb 2020
Availability Out of stock - available to order Delivery Delivery options and charges