| Rapidly rising foreign liabilities of commercial banks in Qatar will not be an “immediate concern” as those can be “easily covered” by the sizeable assets held by the central bank (QCB) and the Qatar Investment Authority (sovereign wealth fund), shows a report by The Economist Intelligence Unit.
A widening gross external financing shortfall, amid low hydrocarbons revenue and tightening domestic liquidity, poses risks to the sovereign rating. Nevertheless, large stocks of foreign reserves at the Qatar Central Bank (QCB) and the Qatar Investment Authority (QIA) the sovereign wealth fund), should enable Qatar to honour its debt obligations even over a “prolonged period” of low oil prices...............................................Full Article: Source
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