VOL. XXXIV
NO. 20
18-FEBRUARY-1991
Financial and Banking News
Budgets & Revenues
Saudi Arabia to Raise International Loan as Strain Mounts on LiquidReserves
Saudi Arabia's decision to raise $3.5bn from international banks marks thebeginning of a new era for Saudi public finance in which the Kingdom will nolonger rely on indigenous sources of finance to cover budget shortfalls. Since1983, when Saudi Arabia began to experience current account deficits, theKingdom has financed its shortfalls by...
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