IMF staff urge oil-reliant countries to strengthen liquidity frameworks
Low oil prices likely to harm liquidity, raising the need for improved facilities and forecasting, the report says; risk of a delayed surge in non-performing loans
Oil-dependent countries are already suffering from slowing growth and falling fiscal revenues, but should also prepare for financial instability as liquidity dries up, staff from the International Monetary Fund warned in a report today (June 8).
The IMF study of how central Asian and Gulf nations are coping with low oil prices was penned based on figures of about $36 a barrel this year, implied by April forecasts. Prices have risen to a little over $50/bbl, but are still well below the highs of
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