August 2023 / VIDEO
A new era of Gulf aid: potential winners and losers
A new era of Gulf aid could emerge—which countries could potentially benefit, and which could miss out?
Key Insights
- Whether or not a country may receive financial assistance from the Gulf in a distressed situation will likely have important implications for their investment outlook.
- Gulf aid has evolved over time, and a clear trend is the rise of conditionality, which means that countries have to implement reforms in order to receive support.
- A framework developed to determine the likelihood of a country receiving financial aid shows that Bahrain and Oman are most likely, while Lebanon is least likely.
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August 2023 / INVESTMENT INSIGHTS
Razan Nasser is an emerging market sovereign analyst in the Fixed Income Division. Razan is a vice president of T. Rowe Price Group, Inc.