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2.09 MB
Extraction Summary
0
People
4
Organizations
1
Locations
0
Events
2
Relationships
4
Quotes
Document Information
Type:
Financial research report
File Size:
2.09 MB
Summary
A Merrill Lynch financial research paper (GEMs Paper #26) dated June 30, 2016, analyzing significant government arrears to contractors in Saudi Arabia (implied by currency SAR). The report discusses the economic impact of unpaid capital expenditures from 2015, proposes the use of IOUs to manage liquidity and distribute risk, and examines the potential role of the Saudi Arabian Monetary Authority (SAMA) in providing monetary accommodation. The document bears a House Oversight Bates stamp.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Merrill Lynch | ||
| SAMA (Saudi Arabian Monetary Authority) | ||
| MEED | ||
| House Oversight Committee |
Locations (1)
| Location | Context |
|---|---|
Relationships (2)
SAMA
→
Regulatory/Financial
→
Domestic Banks
monetary accommodation from SAMA... possibly through repo operations
Government
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Debtor/Creditor
→
Contractors
Government arrears to contractors could be significant
Key Quotes (4)
"Government arrears to contractors could be significant"Source
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Quote #1
"We estimate the range of unpaid capex for 2015 to be SAR23bn-SAR100bn"Source
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Quote #2
"IOUs could support simultaneously the multiple needs of the government, domestic banks and contractors"Source
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Quote #3
"The impact of IOUs on domestic liquidity will likely depend on the issuance mechanism"Source
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Quote #4
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