24.01.2013 - Qatar eyes USD50bln yearly savings to boost reserves
Qatar expects to save about $50bn each year until 2017 to take its international reserves -- including sovereign wealth assets -- to $485bn from the present estimated $215bn, according to International Monetary Fund estimates. The Qatari have authorities indicated that they would continue to formulate budgets based on conservative oil prices, which, given the baseline assumptions for oil prices in the medium-term, would in IMF staff's estimation enable continued large savings of about $50bn each year until 2017 through the Qatar Investment Authority, the Breton Woods institution said in its Article IV consultation report...............................................Full Article: Source
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