VOL. XLII

No 50

13-December-1999

QATAR

Qatar痴 Banking Sector Is Still Vulnerable

Qatar痴 ongoing dependence on oil revenue and reliance ongovernment lending "pose the greatest credit concerns for Qataribanks" according to Moody痴 Investors Service. In a statement released on6 December, the agency said that despite a rise in oil prices, plungingrevenues of the previous months and the 40% drop in the country痴 GDP mean thatthe government borrowed heavily to invest in liquefied natural gas. This...