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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    International Monetary Fund: Oil exporters have not fully recovered

    Rocky
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    • Post n°1

    International Monetary Fund: Oil exporters have not fully recovered Empty International Monetary Fund: Oil exporters have not fully recovered

    Post by Rocky Sat 09 Feb 2019, 3:27 am

    [size=36]International Monetary Fund: Oil exporters have not fully recovered[/size]

    12:03 - 09/02/2019

    International Monetary Fund: Oil exporters have not fully recovered 9922019_1755f65374
    Follow - up - the balance of News 
    Christine Lagarde , director of the International Monetary Fund said on Saturday that the oil exporters did not fully recover from the shock of oil prices that occurred in 2014 and that the future is uncertain dramatically despite the modest growth. 
    "Due to declining revenues, the fiscal deficit is slowly easing, despite important reforms on both the spending and income sides, including the introduction of VAT and production taxes," Lagarde told a conference in Dubai. 
    "This has led to a significant increase in public debt from 13 percent of GDP in 2013 to 33 percent in 2018." There is scope for improving the financial frameworks in the Middle East with some weaknesses resulting from "focus on short-term projects and Adequacy of credibility "


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    Rocky
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    • Post n°2

    International Monetary Fund: Oil exporters have not fully recovered Empty International Monetary Fund talks about the shock of oil producers from 2014 prices and warns of the

    Post by Rocky Sat 09 Feb 2019, 6:30 pm

    [rtl]

    International Monetary Fund talks about the shock of oil producers from 2014 prices and warns of these projects?

    [/rtl]
    [rtl]Release date: 2019/2/9 17:16 • 476 times read[/rtl]
    International Monetary Fund: Oil exporters have not fully recovered Story_img_5c5ee0ab8add0
    [rtl]
    International oil exporter Christine Lagarde said on Saturday that oil exporters had not fully recovered from the oil price shock of 2014 and warned against spending money on "huge and hollow projects".
    "Due to declining revenues, the fiscal deficit is only slowly falling, despite important reforms on both the spending and income sides, including the introduction of VAT and production taxes," Lagarde told a conference in Dubai. 
    "This led to a significant increase in public debt from 13 percent of GDP in 2013 to 33 percent in 2018." "The uncertainty surrounding the growth prospects of all oil-exporting countries also reflected the movement of countries to rapidly transition to renewable energy in the next few decades, in line with the Paris agreement on climate change," she said. 
    There is scope for improving financial frameworks in the Middle East, with some weaknesses arising from "focus on short-term projects and insufficient credibility," she said. 
    Lagarde pointed out that governments in the region may be tempted to give preference to mega projects instead of investing in people and production potential.
    Saudi Arabia, the Middle East's largest economy, has announced plans to move forward with three mega-projects, including the city of Newum, announced by Crown Prince Mohammed bin Salman with investments of $ 500 billion. 
    The projects are supported by the Sovereign Wealth Fund, the Public Investment Fund


    http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=187774
    [/rtl]
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