ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Foreign Policy- Importance of the Gulf

Backdoor Entry into Private Capital Market?
''BORROW if you must, but directly. Only if it becomes indispensable should you think of having recourse to the private markets.'' This is what the Interim Committee had told the IMF last year to make it possible for the Fund to play a somewhat larger role than before in helping its member countries to overcome the situation created by the drastic increases in oil prices and to contribute to the recycling process necessary for orderly transfer of funds from the surplus countries to the deficit ones.

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