Demand for debt finance from developed economies struggling to emerge from the global financial crisis may squeeze the funding needs of smaller states, warns Sultan al Suwaidi, the Central Bank Governor.
Mr al Suwaidi’s comments come as Gulf states prepare to sell more than US$34 billion (Dh124.88bn) in sovereign bonds to try to stimulate lending and help revive their economies.
Regional governments have already raised $6bn from global buyers through bond issuances in the past three months, all of which have been several times oversubscribed.
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