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Nov 2015: US-Saudi Balance



OMFIF writers examine the delicate geopolitical and financial relationship between the US and Saudi Arabia over Riyadh’s attempts to keep oil prices low and squeeze out high-cost producers. Saudi Arabia is running down its foreign exchange reserves and increasing borrowing to maintain spending on domestic infrastructure projects, but the International Monetary Fund has warned that it may be depleting its savings too fast. As the November editorial says, ‘In seeking stability elsewhere, Riyadh may be opening itself up to destabilisation.’

Click here to read the press release.