GCC Sovereign Funds

Reversal of Fortune

January 01, 2009

Report

More on:

Fossil Fuels

Banking

Middle East and North Africa

Overview

For several years, high oil prices enabled the Gulf Cooperation Council countries to add large sums to their state coffers. Falling oil prices imply that some Gulf countries may need to draw on their depleted funds to cover their import bills. In this Center for Geoeconomic Studies Working Paper, Brad W. Setser and Rachel Ziemba examine the impact of the fall in global equities on the Gulf’s large funds and explore how various oil price scenarios could shape those funds’ future growth.

More on:

Fossil Fuels

Banking

Middle East and North Africa

Top Stories on CFR

Taiwan

U.S. House of Representatives Speaker Nancy Pelosi became the first speaker in twenty-five years to visit Taiwan.

Mexico

Comprehensive immigration reform has eluded Congress for years, moving controversial policy decisions into the executive and judicial branches of government.

Sri Lanka

Sri Lanka’s collapse should be a wake-up call for other South Asian countries that suffer from the same trend of “familycracy.”