CGD in the News

Saudi Arabia Can Cash In (U.S. News & World Report)

May 16, 2016

From the article:

Saudi Arabia, writhing from low oil prices, has ambitions to rescue its economy through diversification. The International Monetary Fund has blessed its plans, but says it must do much more. Saudi Arabia may be a land of aging monarchs, where oil accounts for 90 percent of exports and women still require their husband's permission to work. But it's about to become cutting edge and progressive through reform of its archaic subsidy system, the web of government payments to push down prices for fuel, water and electricity.

Read full article here.