As emerging markets around the world continue their recovery from Covid-19, remittances are playing a key role in supporting the economic rebound.
As emerging markets around the world continue their recovery from Covid-19, remittances are playing a key role in supporting the economic rebound.
Bahrain entered the pandemic with the most diversified economy in the GCC, which meant it was not overly susceptible to the sharp drop in the oil market.
Amid a rise in demand for cryptocurrencies, especially in emerging markets, and increased appetite for sustainable finance globally, efforts are under way to develop a so-called green Bitcoin – that is, an ecologically sustainable cryptocurrency.
With Saudi Arabia announcing plans to raise $55bn through its privatisation programme, Gulf countries are stepping up efforts to stimulate private investment in public assets and projects, with a view to strengthening state finances, spurring diversification and driving their respective Covid-19 recoveries.
Kuwait entered the pandemic in a relatively resilient position thanks to strong fiscal buffers, favourable demographics and an advanced health care system that benefitted from sustained investment that was proportionally higher than many of its wealthy GCC peers.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
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