19 May 2024
Saudi Arabia liquid assets will drain by 2020 on low oil prices – IMF
Publication date: 26 October 2015
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OPEC’s efforts to increase its oil market share by keeping prices low will take a devastating toll on Saudi Arabia’s finances within five years, unless the state takes “urgent” action to adjust its spending profile and boost its non-oil private sector activity, the International Monetary Fund (IMF) has warned.