Powered by

IMF says more reforms still needed by Mideast oil exporters

May 2, 2017 - Associated Press Financial Wire

DUBAI, United Arab Emirates (AP) - The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest energy subsidy bill and that additional reforms are still needed to curb government spending.

In its updated regional outlook report, the IMF said money spent each year on subsidies from these oil exporting countries is down from $190 billion in 2014 to a current estimate of $86 billion a year. This was largely due, however, to a

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox