Mideast oil exporters' foreign reserves to rise: IMFAFP: Mideast oil exporters' foreign reserves to rise: IMF
By Ola Galal (AFP) – 6 days ago
DUBAI — Oil exporters in the Middle East and North Africa region are expected to increase their international reserves by over 100 billion dollars in 2010 as oil prices rebound, the IMF said on Sunday.
The rebuilding of reserves will help governments of the region maintain public spending, which has mitigated the impact of the global financial turmoil on their economies, the International Monetary Fund said in report released in Dubai.
"With higher oil prices and the anticipated re-emergence of global demand, oil revenues are expected to increase, allowing oil exporters to rebuild their international reserve positions by over 100 billion dollars in 2010," the Middle East and Central Asia Regional Economic Outlook said.
Video Report from Afghanistan: How the U.S. Counterinsurgency Campaign Is Failing
At a conference in Portugal over the weekend, NATO countries agreed to hand over responsibility for Afghanistan’s security to Afghan forces by the end of 2014. In his speech, President Obama claimed there has been significant progress in the fight against the Taliban. But reports from the ground in Afghanistan question these upbeat claims about the ongoing NATO operation. Last spring, NATO launched a major operation in the Taliban-held town of Marjah. The offensive was supposed to showcase America’s new counterinsurgency campaign and demonstrate that victory is still possible. Independent filmmaker Rick Rowley of Big Noise Films recently traveled to Marjah and discovered the counterinsurgency campaign in crisis. [includes rush transcript]
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Sunday, October 18, 2009
AFP: Mideast oil exporters' foreign reserves to rise: IMF
AFP: Mideast oil exporters' foreign reserves to rise: IMF
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