{"id":336449,"date":"2020-02-07T10:25:03","date_gmt":"2020-02-07T04:55:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336449"},"modified":"2020-02-07T10:51:57","modified_gmt":"2020-02-07T05:21:57","slug":"gulf-arab-states-may-lose-their-financial-wealth-in-the-next-15-years-imf","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gulf-arab-states-may-lose-their-financial-wealth-in-the-next-15-years-imf\/","title":{"rendered":"Gulf Arab states may lose their financial wealth in the next 15 years: IMF"},"content":{"rendered":"<p>The International Monetary Fund (IMF) said on Thursday Gulf Arab states &#8212; some of the world&#8217;s richest countries &#8212; could see their financial wealth depleted in the next 15 years amid lower hydrocarbon revenues if they don&#8217;t step up fiscal reforms. <\/p>\n<p>The six-nation Gulf Cooperation Council (GCC) &#8211; whose net financial wealth the IMF estimates at $2 trillion &#8211; accounts for over one fifth of global oil supply, but economies in the region have been hit hard by a drop in oil prices in 2014 and 2015. <\/p>\n<p>While lower crude prices have put pressure on governments to generate non-oil revenues and fix their finances, &#8220;the effect of lower hydrocarbon revenue is yet to be fully offset,&#8221; the IMF said in a report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund (IMF) said on Thursday Gulf Arab states &#8212; some of the world&#8217;s richest countries &#8212; could see their financial wealth depleted in the next 15 years amid lower hydrocarbon revenues if they don&#8217;t step up fiscal reforms. The six-nation Gulf Cooperation Council (GCC) &#8211; whose net financial wealth the IMF estimates at $2 trillion &#8211; accounts for over one fifth of global oil supply, but economies in the region have been hit hard by a drop in oil prices in 2014 and 2015. While lower crude prices have put pressure on governments to generate non-oil revenues [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-336449","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336449"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336449\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}