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HOUSE_OVERSIGHT_016139.jpg

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.

Financial research report
2025-11-19
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