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  • 06-12-14

    Qatar eyes reducing public borrowings

    (MENAFN) According to Qatar banks, the country is heading to make an important shift in management of its economy which is likely to have an impact on the local banks, The Peninsula Qatar reported.

    After years of strong gross domestic product (GDP) growth driven by significant debt-fuelled public spending, the authorities are now targeting steadier, more sustainable growth.

    "Though clarity on the authorities' ultimate objectives remains limited, a key aspect of the new Qatari model will likely see reduced levels of public sector borrowing," Morgan Stanley's EEMEA report showed.

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