VOL. XXXVIII

NO. 29

17-APRIL-1995

Financial and Banking News

Financial Policy

The Transformation of Domestic Financial Markets

What, then, are the policies being pursued so as to generate growth inpresent circumstances and to strengthen the Gulf economies so that they canbetter cope with periods of low prices? Two basic strands are evident. First, anattempt to put government finance on a sound and sustainable basis: reducingthe budget deficit by cutting expenditure and broadening the base of...