VOL. XLI

No. 29

20-July-1998

GENERAL

Arab Countries And The International Capital Markets

Arab countries currently enjoy relatively strong macro economic conditions, sounddomestic and external financial indicators and limited exposure to the systemic riskfacing other emerging markets. However, both public and private sectors have yet to fullyappreciate or exploit the window of opportunity in international finance that currentlyexists for both themselves and emerging market investors, according...