The constant surveys of Gulf economies are in place; Ensure plans and growth projects are implemented next year



Abu Dhabi – Al Hayat
|

From

37 minutes on November 19 2018
– Last Updated
November 18, 2018 / 23:15

Global credit-level agencies have continued to monitor and respond to; monitor the achievement of the economies of the countries of the region, because it is important to reinforcing the global economy and affecting its & grow, as well as the wishes of bodies to identify the most important plans and success stories. With great natural resources that can record and maintain high growth levels.

"The region's economies were able to get high credit standards from the start, with declining or declining negative ratings, giving them more flexibility to attract overseas investment or access to intermediate international funding and long-term at low cost, "said Al Mazaya's weekly report. "On the other hand, the outstanding regional performance, which has achieved advanced growth levels, despite the reduction in oil income for more than three years, can be categorized and maintained at levels that support incentive and transformation plans and growth without change or decline.

"Access to local debt and economies markets maintains high levels of credit that allows them to enter emerging market levels, which means accessibility easy on global debt markets, band sales, long-term funding, "he said. "By including superintendent and non-lable debt in the JPMorgan Emerging Markets Market Record, the ability of regional economies to attract billions of dollars in government debt tools. Saudi Arabia expects to upload up to $ 11 billion as a result of recording its links Inside the index, which attracts foreign investments to government debt tools, money to meet the requirements of medium and long term ambitious projects ».

"The Saudi economy is considered to be the largest economy in the area, leading to the strength of the economies, financial expenditure and annual public budgets, as well as the advanced levels of a group of 20 industrial nations (G20 ) with large economies and high domestic produce, "Al Mazaya's report. He said that the UK's ability to maintain credit levels during the year and the past years has been categorized by Standard & Poor and Fitch at a stable, length & # 39 ; Moody was a reinforcing the extent during that time, and based on the eyes of this increase of settlement groups The Saudi economy is growing up to late 2021, with the support of rising government investment costs, and without a & # 39; means that all increases in investment costs are balanced by an increase in income, while maintaining oil work on its current borders. "In addition, the United Kingdom's stable standards show economic and financial reform programs to support high levels of credit, and significant performance indicators remain in high financial budgets, low government debt, and government's commitment to reform. "

Al Mazaya emphasized the importance of Bahrain's balancing program over the next few years to improving its level of credit and its impact on reducing the cost of funding from the international markets, and three countries delivered a financial support program of up to $ 10 billion In order to improve public finances and eliminate budget deficit at Bahrain by 2022, and helping to reduce loans and its & # 39; going to foreign markets. "

"The UAE economy is one of the most economical and most economical economies, and is capable of improving global, world-class, world-class global developments, and is still trying to get more aggressive plans for more economic and financial inclinations, Stay ahead, despite the challenges and obstacles. "The economy of UAE has a high level of credit and a consistent vision from Moody, based on the strength and diversity of infrastructure, high level of individual income and high oil and gas supplies, "he said. The growth is 2.1 per cent growth at the end of the year and 3.9 per cent at the end of 2019, with shortcomings decreasing to 0.8 percent by the end of the year.

Moody demonstrated the Sultanate credit position in a negative position based on fiscal deficiencies between 5 and 7 per cent of GDP. The group was a expected to increase debt burden To more than 50 per cent of GDP by 2019.


Source link